Market Outlook: Nifty Levels for 17 August 2011

Mid cap and Small dug up the market today and Indian bourses ended in the negative territory due to last hours pull off by institutional investors.
Nifty could manage to stay above 5000 mark and closed at 5035 off its day's low of 5016 after losing 37.15 points from its previous close.
Midcap and small cap stocks were the major responsible stocks for this moderate loss.
Nifty Futures ended at 5040 down by 39.85 points (-0.78%).
The fundamental signals are indicating that the market may face more downfall in coming trading session and If nifty futures breaks 5000 mark on downside, it may further take a dip down to 4950.

RESISTANCE: It has first resistance close to the level of 5140 & above this level the next resistance is seen near the 5235 mark.
SUPPORT: It has first support close to the level of 5000 & below this level the next support is seen near 4950 mark.

Read more »

Intraday Tips for Today (21 June 2011)

Yes Bank
Buy Yes Bank Ltd above 292.45 for the targets of 295.00-297.20 Stoploss- 289.60
below 289.20 sell for the  targets of 287-285.

Indian Cement 
Buy Indian Cement Ltd above 78.20 for the targets of 78.70-79.50-81.10 Stoploss- 77.00

Hindustan Zinc
Sell Hindustan Zinc Ltd belo 128.20 targets- 126.80-125.40 Stoploss- 129.80

Above 131.10 buy for the targets of 132.50-134.00

Read more »

Intraday Tips for Today (Friday, 3 June '11)

Nifty Futures Intraday Tips-

CMP is 5563.00 and Current trend seems to be bullish for Intraday- short term.

Buy Nifty Futures above 5576 For the targets of 5590-5620-5645  keeping a Stop-loss at 5538 level.

Else below 5530 go for sell for the Targets-5510-5480

Bank Nifty Futures- 

CMP is 10843 and current trend of bank Nifty is also upward.

Buy Bank Nifty above 10877 for the targets of 10925-10950-10975 keep a strict Stop-loss below 10790 level

Below 10780 go for sell targets 10740-10690

Note-

Working on Pre-market calls inherit risk as current news affairs and other real time market factors can not be included  so please make your own research before investing your money. 

Make Buy/Sell position only if market supports the same.

Happy Trading !!

Read more »

Intraday Tips for Today

LIC Housing Finance Ltd-

Buy above 211.10 target 214.00-215.50 Stop-loss- 206.90

Jindal Steel & Power Ltd

Buy above 635.35 Target 642.10- 645.75 SL- 628.70


GSPL-
Buy above 98.15 Target -99.05- 99.95-101.50 SL-96.65

Read more »