Wednesday, July 11, 2012

Nifty Trend and Intraday Tips for Today

Weak Global cues led the market to trade in negative zone today. Asian Markets started falling in this early hour of trade and traders/investors started booking profit from yesterday's gain. The stocks which gained yesterday, showed a weak opening today which is clearly reflecting the profit booking scenario.

NSE's Nifty is currently trading lower at 5329 down 15.50 points. Inability to prevail the level of 5300 may cause a bearish trend in nifty while sustaining above 5350 can negate the bearish view.

For Stocks, SBI can be a Good intraday pick, stock traders can accumulate SBI stock for Intraday trading.


Posted By Commodity MCX Tips