AUSTRALIAN ORDINARY INDEX Technical Analysis Chart - On the very of bullish breakout (Updated On 21st July 2014, Monday).


  • AUSTRALIAN ORDINARY INDEX is trading in a strong range bond zone in daily chart, which indicates once index comes out from its range then sharp move is expecting, currently index is on the verge of breakout on upper side, if closes above then sharp up move is expecting for next 1-2 days. Current range 5535-5355.
  • Short term trend - Weekly chart indicates that index is moving up from strong trend line support zone and now heading for resistance, as shown above range is getting narrow, once break it and closes above or below trend line then short term trend will be sharp.
  • Long Term Trend - Monthly chart indicates stock is on long term bullish mode and heading for 161.8% fibonacci retracement resistance. Close Watch.


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