Nifty Trading Tips: Expert Advice for Today 23 July 2012

Nifty F&O Call,  Experts Advice Given on CNBC Awaaz:

• Sell with 3-4 day targets of 5100-5060 (spot level) and stop loss of 5180 (spot level), says Santosh Kumar Singh, technical analyst.
• Buy above 5165 or at 5125-5120 with targets of 5200-5250 (spot level) till expiry and stop loss of 5090 (spot level), says Puneet Kinra of Bonanza Portfolio.
• Sell on rallies with a 2-3 day target of 5100 (spot level) and stop loss of 5190 (spot level), says Hitesh Sheth of Prabhudas Lilladher.
• Sell with 1-2 day targets of 5120-5100 (spot level) and stop loss of 5180 (spot level), says Ashutosh Sarna of Max Growth Capital.
• Sell on rally with a 1-2 day target of 5070 (spot level) and stop loss of 5175 (spot level), says Shardul Kulkarni of Angel Broking. 

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Nse Market Today and Intraday levels for Tomorrow (10th June 2011)

 Market Today-

Benchmarks Indices ended on a flat note due to lack of interest  from investors in a direction-less market. Auto, Pharma and Technology stocks ended in the red while capital goods and power space led the gainers pack. The 50-share NSE Nifty down by -5.80 points or -0.10% to end at 5521.05.

Nifty Futures technical Outlook 

The Nifty futures closed and settled finally at 5522 down by -7.85 points or -0.14 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5580 else below support level of 5475 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5580 & above this level the next resistance is seen near the 5630 mark.

SUPPORT: It has first support close to the level of 5475 & below this level the next support is seen near 5415 mark.

In banking, CNX Bank Index lost -9.39 points or -0.05 %. Amongst the banking stocks State Bank of India, United Bank of India and Kotak Mahindra Bank lead the row.

Bank Nifty Futures shut stop at 10788.45 down by -11 points or -0.10 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 10850 else below support level of 10720 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 10850 above this level the next resistance is seen near to the level of 10990.
SUPPORT: It has first support close to the level of 10720 & below this level the next support is seen near 10620 marks

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