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AUSTRALIA ORDINARIES made a bullish breakout.


AUSTRALIA ALL ORDINARIES


  • ASX Index has made a bullish breakout as it closed above its major resistance @ 5523.
  • Technical indicates that as long it holds above bulls will be favored as its previous resistance will now act a major support for ASX Index.
  • Click here to see analysis on Dow Jones Index.

WPX ENERGY moving in a range bound zone, sharp movement expecting once it comes out from its pattern.


WPX ENERGY


  • Stock moving in a range bound zone, chart indicates as long as stock moving in its range trend will be mix, sharp movement expecting once it comes out from its formation.
  • Upper side WPX ENERGY also finding 50 days moving average resistance around 12.46, further price rise can be seen on it closes and holds above 12.46. Close Watch.
  • Golden rules for stock trading.

HANG SENG finding strong support at current levels.


HANG SENG INDEX


  • Index has formed head and shoulder formation in daily chart.
  • Hang seng Index is now finding strong support at current levels @ 24370. Its previous resistance is now acting as a major support.
  • As long as Index holds above 24370 bulls will be favored, once it closes and holds below 24370 then further weakness is expecting.
  • Click here for US market tips.

S&P 500 moving up from strong trend line support zone.


S&P 500 INDEX


  • Index moving in triangle formation, this indicates sharp movement expecting once it comes out from its triangle formation.
  • S&P 500 Index is also moving up and so far holding above 200 DMA this indicates bulls will be favored.
  • Index also moving up from strong trend line support zone @ 1980, as long as holds above further price rise can be seen. Weakness expecting once s&P500 index closes and holds below 1980.

DJIA moving up from strong trend line support zone.


DOW JONES INDUSTRIAL AVERAGE


  • Index moving up from strong trend line support zone @ 17038, this indicates as long as Dow Jones holds above its trend line then further price rise can be seen.
  • Once Index closes and holds below 17038 then further price fall can be seen in coming days.
  • Dow Jones Index also closes and holding above its 200 DMA this indicates bull will be favored.
  • If Index moves up from further from current levels then Down will find strong trend line resistance (as per line analysis) around 17600, 17840, 17916 & 18103.
  • Click for more free us stock market tips.

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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

.