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NIFTY FUTURES finding strong resistance in hourly charts - Graph updated on 05th May 2015, Tuesday.


NIFTY FUTURES


Nifty futures finding strong golden ratio resistance and 100 hours moving average resistance at current levels, technical indicates further strength can be seen once Nifty futures starts trading above its resistance zone as shown in above graph. Click here to read what is nifty futures.

Today Nifty 50 Index has closed above its crucial psychological level of 8300 with the help of heavy weight shares like Reliance Inds, ONGC and SBI, from the last 10 trading sessions market was witnessing selling pressure and correction was due, so today market bounced back with a long bullish candle with a gap up open this indicates if holds above its yesterday highs then we can see some further price rise in Indian stock markets.

Most of the Nifty stocks closed on a positive note, 45 stocks advanced while only 5 stocks declined. Major leader in nifty 50 is ONGC which rose 8% and closed @ 328. The overall market breadth was positive as 1,954 stocks advanced while 833 declined.

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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

.