Saturday, December 31, 2011

Nifty Trend and NSE stock Tips for This week

Nifty is likely to remain volatile with downward trend for the coming week and it may hit the recent lower levels like 4600-4540 level.  4540 is acting as a strong support level for nifty in this trading week while it is having the resistance level of 4700. Sustaining above this level would call for a rally up to 4850.

NSE Stock Of the Week:
Indiabulls Financial Services Ltd
This stock has strong resistance level at 140.50. from last couple of days it was consolidating at its resistance which shows that above that will give sharp up rally till 150. whereas support comes at 134 again which is very crucial support zone. so once can go long in indiabulls , above the level of 140.50 with stop-loss of 137.50 and for short term target is 145 & 148. 


Posted By Commodity MCX Tips