Intraday Stocks Tips for Today -
-SELL Tata Steel at 461-462 , Stop Loss 468, target 450 below today.
-SELL Maruti Suzuki India Ltd. Intraday Target 1,200 Stop Loss 1,260.
-SELL Larsen & Toubro Ltd. Intraday Target 1,335 Stop Loss 1,370..MORE TIPS>>
The Indian market opens for trade this last day of the week on a quiet note on the back of flat global cues. Earlier, the US markets ended flat with the Dow up 6 and Nasdaq up 11 odd points while Asia is mixed at this hour. Sensex is trading at 17878, up 47 points from its previous close, and Nifty is at 5422, up 9 points. CNX Midcap index is up 0.8% and BSE Smallcap index is up 0.6%. The market breadth is positive with advances at 402 against declines of 176 on the NSE.
Nifty Futures Technical Overview & Tips for Today -
Key share indices ended at their 6-month highs on Thursday after renewed buying interest was seen in late trades led by gains in private banking majors and index heavyweight Infosys. The 30 share Sensex provisionally closed at 17,830.75 up 123.43 points whereas the Nifty provisionally ended up 44.20 points at 5412.35.On August 4, 2011 the Sensex had ended at 17,940.55 and on August 3, 2011 the Nifty had ended at 5,404.80.
Resistance - 5460 5300, Support - 5560 5230
Nifty Futures shut stop at 5448 up by 59.50 points or 1.10 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5460 else below support level of 5330 it would be in a downward trend.
-SELL NIFTY FUTURES around 5480-5500 ! 30days target-5350-5200. Stop loss 5540.
Nifty Levels for Today -
PP 5401, S1 5351 R1 5498, S2 5254 R2 5548, S3 5204 R3 5605.
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