Tuesday, August 17, 2010

Stock Market: NSE -BSE Alert for Wednesday 18 August '10


 Nifty witnessed the high volatile sessions today and in the end made the flat closing. This was yet another range bound session for the market. In the upside we might expect the decisive movement above the level of 5500 which is the crucial resistance point for the nifty. In the downside the short term base seems to be at the levels of 5350 to 5360. So for the intra day trading we recommend that one may go for buy on dips in nifty future until it close below 5390 for the targets of 5480, 5530.


Sensex may head towards the levels of 18800 to 18850 in near run. Technically it is looking strong & may continue its up trend for some more time. The immediate support for Sensex seems close to the levels of 17820 to 17850. Decisive closing below this support zone may impose the further correction in it.


Pankaj Arya said...

Suzlon energy
Stay away from this stock , the Stock is posting poor results quarter after
quarter and today it has made 52 week Low. To take winning trades its better not to enter in the stocks which are
falling and this stock one of them. Fresh buying can be done in this stock if it trades above 63.5 for 1 week.
otherwise the stock may make more new low in coming time.

Posted By Commodity MCX Tips