Monday, August 22, 2011

Nifty Intraday Tips for Tomorrow (23 August 2011)

Starting with a flat but positive note Indian Markets faced some volatility for a while and indices fell down below the equator. But Market recovered soon and finally closed with a gain over 1%. Nifty after touching a day low of 4808.75 recovered soon as a result of recovery in European markets and Buying interest in Oil and Gas Stocks. Spot Nifty ended up 53 points at 4899. 
Nifty Futures Gained 63.15 points to close at 4914. Now if nifty manages to stay above 4922, it may see some more upside in next trading day. 

For Medium term Nifty futures could be the best option for trading as Nifty may recover up to 5200 soon.
For day Trading one can buy Nifty above 4925 for the targets of 4955-4970 SL below 4885. Below 4869 Sell it for the targets of 4835-4809.


Posted By Commodity MCX Tips