The daily trend of Nifty is in the downtrend and the same was predicted way back on 03 Feb 13. Thus the ideal way to make money in such markets is to trade with sure tip of the day as one is at least sure of the guaranteed profit. Have a look at below chart to understand that how Nifty can take support in politically turbulent times as DMK has pulled out from the govt but UPA is not under threat as none of the political parties is ready for pre election as they have to tie the loose ends. Only political party which may look for pre election is CPI(M) as they have nothing to lose.
Free Nifty Technical Analysis
We were short in Nifty since 03 Feb 13 and in between we did have a deceptive upmove and we had clearly stated that any break of 5900 level means that we are heading for 5700 level and if this level is broken than we are heading for 5550-5500 level. However a word of caution while trading Nifty is that this time bears has an upper hand and this fall is led by bank Nifty as both Nifty and bank Nifty are languishing below 200 DMA which is a big matter of concern. Thus all longs must be protected with a stop loss to avoid any surprises. If Nifty holds 5650 level we will see a technical bounce back occurring in the market.
All our regular readers would have had benefitted with our free advice of buying AsianPaints which was given on 10 Mar 2013 and going short in MCX, Financial Technology, Ranbaxy and Airtel. We had recommended going short in MCX and Financial technology and these calls were given before the budget as we were aware that commodity tax is going to be levied in budget and it is going to impact the profitability of these 2 great companies. After having gone down by more than 30% now both MCX and FT becomes a great long term bet which can definitely help you finance your children higher education which is really very costly.
Stock in News
We are optimistic on Asian Paints as this stock becomes a buy as soon as it crosses 5000 mark and one can enter on intraday in this stock and shift the sell order to 5000 mark after buying and ride the bull wave by shifting the sell order by following the stock movement in the positive territory.
Secondly whenever financial crisis appears looming large on the world economy than FMCG stocks like ITC and Hindunilever comes in focus for long term as irrespective of recession people are not going to stop buying soaps and cigarettes etc.
However for the time being keep these above listed stocks under watch as Nifty and bank Nifty are in a down trend and let them show some signs of recovery.
Nifty Support & Resistance
| Support | Resistance |
| 5650-5600 | 5750-5800 |
Jackpot Sure Shot Tip Profit
| Share | Profit (Rs) |
| Tip | 1570 (Rs 50,000 Trading) |
Intraday Trading Tips
| Share | Gains (Rs) |
| Tips | 17350 |
Future and Options Daily Paid Tips
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 47340 |
Strong future shares at National stock exchange
Asian Paints, Jub Food, Ranbaxy, Lupin, Sun Pharma, HCL Tech, TCS, ITC, Hind Uni Lvr & GMR Infra.
Weak future stocks at NSE
HDIL, Welcorp, IVRCL Infra, Rel Infra, Pantaloon R, Chambal Fert, Rcom, Raymond, Finan Tech & Ibrealest.
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This article was first published on Indian-Share-Tips.Com on 21 Mar 2013.
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