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Tips On Share - ITC LTD facing strong support between 307-311. (Updated On 24th June 2014, Tuesday)





  • ITC LTD has closed below its 200 days moving average, and will now be facing strong trend line support around 311, 307 and 285 as shown above. Can see some selling once stock trades below its support level.
  • Weekly chart indicates that stock has broken its long support line, if closes below its support line in this week then indicating weakness for short term.
  • Monthly chart indicates stock to face strong support around 311. Close wacth ITC facing strong support between 307-311 stock can bounce back.
  • On Monday 23rd June 14 ITC fell 6% and closed 314.95 in NSE as investors are worried about increase in tax hike on cigarettes.  According to media reports, Union health minister Harsh Vardhan has urged the FM to hike tax on cigarettes of all lengths by Rs 2 to Rs 3.5 per stick as well as remove tax exemption granted to bidi makers
Next Stock Updated on 23rd June 2014, Monday At 6:00 pm. - Kalindee Rail Nirman


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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

.