Monday, October 22, 2012

Market Today : Free Stock Tips 22 October

Nifty Futures Trend Today :-

Nifty futures trend for today below 5670 bearish go to 5635 and above 5696 bullish go to 5727. Banks stocks go to in bearish trend for today. Our nifty fur. levels are 5615, 5635, 5664, 5694, 5726.

Results Today :- 

L&T, Cairn India, HDFC, BOB, Idea, Polaris, Dewan Housing, Syndicate Bank, Tata Coffee, Phoneix Mills, Coromandel International, Indiabulls Financials, Indiabulls Power, Merck, BASF India, Kirloskar Industries, Kirloskar Invest, EPC Industries, NOCIL, Tourism Finance, Saint Gobain, Mahindra Forgings, Omax Autos, Kolte Patil, Fortis MLR , Goa Carbon, Wheel Axle, ZF Steering.

Share Market Trend Today :-

Market today will open gap down and will remain in a state of panic in the 1st half. In this era of globalization our markets are linked to the world markets directly. Any mishap in any corner of the globe will bound to affect our markets. Europe and we markets were battered on Friday.Today Asian markets have opened weak. Such panic days are integral part of a vibrant market. Make your habit to live with it.

Trading Strategy :-

The best possible strategy is to stay in the sidelines and use this opportunity to buy selected stocks in midcap space today available in discount sale, keep your stop-loss handy and avoid trade in future. Market recovery depends on successful passing of Euro-zone bailout news today. Till then keep your finger crossed.

The following are the cues to help you in trade today.

NIFTY RANGE of today: 5600-5700.

· SGX nifty down 14 points.
· Dollar index is at 79.56.
· Gold at $1723 and crude at $ 90.11.
· London future down 23 points at 8 am.
· Dow future down 19 points at 8 am

Free Stock Pick For The Day :-  CAIRN INDIA

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Posted By Commodity MCX Tips