Free Stock market / Nifty intraday tips

Daily Nifty Future: Will not break 5800?


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BASIC of India Stock Market
Maximum of the trading in the Indian stock market takes position on their two stock exchanges: the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The BSE has become in existence since 1875. The NSE, however, was established in 1992 and also began trading in 1994. Then again, both of the exchanges follow the similar trading mechanism, trading hours, settlement process, etc. At the last count, the BSE had up to 4,700 listed firms, on the other hand the rival NSE had about 1,200. Due to all the listed firms on the BSE, only about 500 firms constitute greater than 90% of its market capitalization; the rest of the crowd is made up of extremely illiquid shares.  [/sws_blockquote_endquote]
 Nifty closed up 8.40 points at 5882.25 while Nifty future closed at 5947.30, premium of 65.05 points. FIIs bought in Cash, net buy 172.15 Crore while DIIs sold in Cash, net sell 362.11 Crore. FIIs bought in Index future but sold in Index Option, Stock future, net buy 838.66 Crore

What is for Today…?

 The positional longs are advised to use 5800 level as stop loss on a closing and intraday basis respectively. For intraday support exist at 5883…!!! On the upper side we see it zooming to 5987, 6029 mark. Sooner or later Nifty futures will cross 6200 mark…!!!

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Mr.Guru is a registered investment advisor for Moneymunch, he is a regular guest on popular channels and writes for several newspapers and financial journals. They've black magic of stock market analysis because studied charts over 20 years.

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