Indian stock market appears to have formed a bottom and we may see a short term bounce back in the market. On Monday we may see some positive movement above 4900 mark. However we may see some consolidation with profit booking occurring at 4950-5000 mark which are going to be stiff resistance for Nifty.
Bulls can gain upper hand only once Nifty starts moving above the level of 4950. Thus make use of the intraday volatility by trading with hot stocks of the day and earn profit like professional traders. Have a look at adjacent Nifty chart to understand the implications of psychological supports.
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Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 4853-4800 | 4950-5075 |
Jackpot Tip Profit
| Stock | Profit (Rs) |
| Tip | 1430 (Rs 50,000 Trading) |
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Intraday Trading Tips
| Share | Gains (Rs) |
| Tips | 21760 |
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Future and Options Daily Paid Tips
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 59370 |
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Strong future shares at National stock exchange
Divis Lab, Colpal, Bata India, BPCL, Asian Paint, Delta Corp, Sesa Goa, IOC, NMDC & Hind Petro
Weak future stocks at NSE
Orchid Chem, IRB, GMR Infra, Sintex, IVRCL Infra, GVKPIL, SRE Infra, HDIL, Polaris & Patel Eng.
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