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NMDC has formed double bottom formation and on verge of breakout 02nd May 2014 (Friday).







  • NMDC has formed double bottom formation and looks bullish.
  • Stock also facing resistance aroun 153.50, If NMDC breaks 153.50 (trend line resistance) with volumes then look good.
  • Stock will have next fibonacci retracement resistance around 165 as shown above.
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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

.