Tuesday, August 21, 2012

Nifty Levels For Tomorrow- Intraday Tips

A recovery could be seen in Indian markets for last couple of days and Today also Nifty made a handsome gain of 1% to close above 5420 level. The market made a closing near its day high of 5424.85. According the the experts, FIIs  investment has increased in last few days which have supported the market to trade in greener zone.

If market continues to trade this way, FMCG and infra stocks may see good upside and would not take time to touch 5500-5550 level however a profit booking can be seen after that.
Technically Support for nifty tomorrow is 5378-5340 while above 5438, nifty may go up to 5470-5500 level.

For Tomorrow, Intraday traders can buy Lupin above 573.50 for the targets of 578-583.50-585 level


Posted By Commodity MCX Tips