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HPCL technical analysis chart updated on 02nd June 2015, Tuesday.




HPCL technical chart indicates that it has closed above its major trend line resistance, its previous resistance will now act as a major support, as long as it holds above further price rise can be seen in coming days.

BPCL technical analysis chart updated on 02nd June 2015, Tuesday.




BPCL technical analysis chart indicates that it has closed above its major trend line resistance as shown in above graph. As long as BPCL holds above its previous top bulls will be favored and further price rise can be seen in coming days.

Nifty Futures chart updated on 02nd June 2015, Tuesday.


NIFTY FUTURES


Nifty futures chart indicates that it is finding strong 20 DMA and 50% fibonacci retracement resistance at current levels, will favor bulls once it closes and holds above.
If holds above its resistance then will find next strong resistance at its golden ratio i.e 61.8% fibonacci retracement.

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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

.