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CAIRN INDIA Free NSE Trading Tips - Stock coming down from strong 23.6% fibonacci retracement , Further selling expecting if closes below 337.50. (Updated On 23rd July 2014, Wednesday).





  • As per previous report published on CAIRN INDIA, stock gave a smart up move from 340 to 349, (Click here to read previous report on CAIRN INDIA).
  • Now daily chart indicates Cairn coming down from 23.6%  fibonacci retracement resistance as shown above. As long as stock hold below will favor bears , But once stock closes above 350  its 23.6%  fibonacci retracement  then we can expect further buying in cairn india.
  • Daily chart also indicates if stock falls then will find strong trend line and 200 days moving average support zone At 337.50, below that indicating weakness.
  • But once closes below 337.50 and stays below then further selling expecting and stock will find next strong trend line support around 329 , 322 and 317.
    • Intraday close watch once stock starts trading below 337.50, If starts trading below 337.50 then bears to give some action and price can fall further in day trading.





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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

.