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NIIT TECHNOLOGIES Stock Analysis - Stock on the verge of bullish breakout above 477 in daily and weekly chart. (Updated On 10th July 2014, Thursday).





  • NIIT TECHNOLOGIES moving up from strong support in daily chart, and now finding strong trend line resistance around 477, Chart indicates once closes above 477 with volumes and must stays above then stock to favor bulls for next 1-2 days. Intraday close watch NIIT TECH once starts trading above 477 and stays above then can see some action.
  • Weekly chart indicates stock facing same trend line resistance, once closes above 477 in weekly chart and stays above then short term trend looks bullish. Weekly chart also indicates stock moving up from 50 weeks moving average as shown above.
  • Daily chart indicates that on upper side will find 161.8% fibonacci retracement around 492. Close Watch.







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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

.