Monday, September 24, 2012

Indian Share Market Trend - Intraday Calls

Indian share market today opened on a negative note. Our experts say that our market will be subdued today and for the next few days. We have to understand that the Nifty cannot go up 50-100 points everyday. It is mathematically impossible. So, we have reached a stage where the market will have to take a pause and probably a longer pause than we image. That pause will be a consolidation as well as a correction.

NSE BSE Technical Levels For Today :-

Sensex has supports at 18,560 and 18,490 and resistances at 18,870 and 18,950. The Nifty spot has supports at 5,650 and 5,625 and resistances at 5,700 and 5,730.

Intraday Stock Tips and Recommendations :-

1. Buy RPOWER above 95.75 target 96.40/97.50/98.50 sl 95

2. Buy ORIENTBANK above 293.40 target 296.50/299/301 sl 290

3. Buy relinfra above 546.60 target 550/553/557 sl 541

Please avoid gap up counter, all values are in cash

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Posted By Commodity MCX Tips