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Free Nifty index chart and technical outlook updated for 08th December 2015, Tuesday.

NIFTY FUTURES

Nifty has formed head and shoulder pattern in daily chart, technical indicates sharp movement can be seen once it comes out from its pattern.

Stock finding strong trend line support around 7714 as shown in above image, further price fall can be seen once it closes and holds below 7714.

Intraday Nifty looks weak if it holds below 7714.
Will find support around 6690,6674.
S.L - 7730.

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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

.