Tuesday, June 19, 2012

Nifty Intraday Tips for 20 June

It was a choppy session for the money market where Nifty after so many ups and downs, finally managed to close near its day high. Nifty closed above 5100 level after gaining 0.78%. Some short covering and Banks, oil & gas and FMCG sectors led the market up to close in green.
The oil sectors surged today and witnessed significant gain with GAIL up 2.66%, ONGC 1.7% , IOC 3.5% , HPCL and BPCL climbed 6% and 2% respectively.
A gap up start with positive bias is anticipated for tomorrow's market. Nifty has resistance near 5133-5155 level and support at 5068-5045. A breach in either side would decide the trend of Nifty.

Nifty Futures Tips- One can buy Nifty above 5021 TG-5133-5158-5170


Posted By Commodity MCX Tips