Monday, August 29, 2011

Nifty Tips: Market Prediction and Intraday Calls for Tomorrow

Indian share market witnessed the rocket rally on Monday after four days sell offs. The 50 Shares Nifty- Fifty Index gained more than 3.5% on the back of gain in Reliance Industries (up 5.07%) Infosys (up 3.8%), L&T (up 5.4%) and other market giants. It closed at 4954.90 after adding 171.80 points to its previous level.
Nifty Futures on the other hand settled down at 4939.55 up by 190.85 with a gain of 4%.
Now the coming sessions are seems to be give some healthy trades to the market and Nifty futures may continue this momentum if it trades above 4975 mark tomorrow. On the downside, breaching 4872 may harm the bullish view and Nifty even slip down to 4800 mark again.

Intraday Nifty Tips: Buy above 4975 for the targets of 5000-5035-55 Stop-loss below 4918.

If market turns reverse go for sell below 4909.
 

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Posted By Commodity MCX Tips