BANK OF AMERICA trading below its major support. Dated:16th May 2014 (Friday).

  • BANK OF AMERICA has come out from its up channel formation, stock indicates weakness.
  • Stock also trading below its 200 days moving average.
  • Moreover stock also trading below its previous resistance zone.
  • Stock has also come down below its 1st fibonacci retracement support zone, will find next support around 13.
  • All indicators inddicates weakeness in bank of america, close watch
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What is Intraday Tips ?

Q. What is Intraday Tips / Inraday Trading / Delivery trading.

A. There are basically two types of trading on stock market--
1- Delivery
2- Intraday

Delivery trading is one in which shares are bought and can only be sold after they are delivered by the broker.that means that they cannot be sold the same day , and delivery takes two to three days after they are bought and then they are ready to be sold.

Intraday trading which takes place for that very particular day and there is no delivery..they can be bought and sold the same day...and are automatically sold at the end of the trading session if you have not sold it by yourself during the trading session. The person who suggest such types of forecast is called

Intraday Tips