Tuesday, July 12, 2011

Market Prediction and Intarday tips for today

The weak Global market cues and weakness in IT Biggies, Reality and metals dragged the market in red zone gain and The Nifty Index lost 44.55 points to close at 5616.10.
Nifty Futures at the end of the session lost 52.05 which is almost 1% down from previous close and finally settled at 5620.05.
The market is seems like a bit more corrective and market can open with a flat note to continue with some correction.
For downside 5600 will act as crucial level below which Nifty may touch 5540 level .
5540-30 will act as good support zone for nifty.
Upside resistance is seen near 5660.

Intraday Nifty Tips-
Intraday Traders can Sell Nifty below 5604 to target 5580-5565-55 Stoploss above 5627
while above 5635 Buy Nifty for the targets of 5660-5675


Posted By Commodity MCX Tips