Free Stock market / Nifty intraday tips

Closing bell Analysis For Subscribers

Closing bell

Key benchmark indices extended gains to hit fresh intraday high in early afternoon trade as gains in Asian stocks boosted sentiment. The S&P BSE Sensex was up 170.92 points to 19350.28. The CNX Nifty was up 60.85 points to 5897.75. The market breadth was positive. The Prime Ministers Economic Advisory Council has projected 6.4% growth in Indias GDP for FY14 higher than an estimated 5% growth for FY13. In 2013-14 the headline WPI inflation is expected to be around 6% compared with provisional figure at 5.96% at the end of 2012-13 the PMEAC said. Net FDI inflow is expected at $24 billion in 2013-14 from an estimated $18 billion in 2012-13. In contrast FII inflows are seen sliding to $18 billion in 2013-14 from an estimated $24 billion in 2012-13 it said. The RBI will announce the Monetary Policy Statement 2013-14 on May 3 2013. The RBI cut its repo rate by 25 basis points to 7.5% after a mid-quarter monetary policy review on March 19 2013. Inflation based on the monthly wholesale price index (WPI) eased the lowest level in 40 months at 5.96% in March 2013 and sharply lower than 6.84% in February 2013 data showed.

 Nifty spot For Tomorrow

Nifty Spot has resistance at 5940-5970.

Above 5884 No worry for bulls.

Above 5924 see 5933-5945

To become a subscriber, subscribe to our free newsletter services. Our service is free for all.

Get free important share market ideas on stocks & nifty tips chart setups, analysis for the upcoming session, and more by joining the below link: Stock Tips

Have you any questions/feedback about this article? Please leave your queries in the comment box for answers.

Disclaimer: The information provided on this website, including but not limited to stock, commodity, and forex trading tips, technical analysis, and research reports, is solely for educational and informational purposes. It should not be considered as financial advice or a recommendation to engage in any trading activity. Trading in stocks, commodities, and forex involves substantial risks, and you should carefully consider your financial situation and consult with a professional advisor before making any trading decisions. Moneymunch.com and its authors do not guarantee the accuracy, completeness, or reliability of the information provided, and shall not be held responsible for any losses or damages incurred as a result of using or relying on such information. Trading in the financial markets is subject to market risks, and past performance is not indicative of future results. By accessing and using this website, you acknowledge and agree to the terms of this disclaimer.

Previous ArticleNext Article
Mr.Guru(s) is a team of stock market certified technical and research analysts with over 20 years of experience. They are regular guests on popular online channels and contribute articles to several financial publications. Their insights and advice are respected by investors worldwide. With their collective knowledge and expertise, they have a proven track record of successfully predicting market movements and identifying profitable opportunities.

Join Today (Free): Stock & Nifty Tips

Write a Comment

Comment Policy: We love comments and appreciate the time that readers spend to share ideas and give feedback. However, all comments are manually moderated and those deemed to be spam or solely promotional will be deleted. Your email address will not be published. Required fields are marked *