Monday, October 15, 2012

Intraday Stock Tips For Tomorrow 16 October

Market today traded flat, trading was there all the day but Nifty gave closing at 5700. Our experts speak that since there is a correction in the market, traders should either have a short position or hold no position at all. "At this point we have a short position in the Nifty and that position could change tomorrow. But, we don't see the market actually giving big moves on the upside till either they remain in a trading range or they go through a correction.

Inflation Data Today :-

The much awaited inflation came in at 7.81 percent for the September, which was slightly higher compared to 7.55 percent in August due to hike in diesel price by Rs 5 a litre in last month. But that was largely in-line with analysts' expectations of 7.73 percent.

Nifty Trend Tomorrow : Support and Resistance Levels -

Nifty Support Levels :- Intraday support levels for the nifty is marked near 5635 and 5545.
Nifty Resistance Levels :- Resistance levels are near 5720 and 5805


Posted By Commodity MCX Tips