Intraday Tips for Today: Market Outlook


On the back of the expectations that RBI may take steps to improve the rupee condition and economy health, Indian benchmark indices tool a leap today to run in the green zone. Currently, the index of national stock exchange- Nifty is trading up nearly 0.60% to trade at 5176 level.

Technically 5200 could be the resistance level for Nifty while 5140 is acting as immediate support level. A breach in either side would decide the ultimate trend of the market.

Mid cap and small cap sectors have surged the most today.

Intraday Tips for Today (25 June 2012)-

sell HCL tech below 467.60 TG- 464.00-462.50 SL- 470.30

else Buy above 472.50, TG- 475-476.00

Buy Reliance Infra above 545 TG- 550.00-553.50 SL- 539.50

Buy TVS motors above 34.50 TG- 35.00 SL- 33.20

One Response so far

  1. Paul says:

    thanks for this post. This post makes a great point about focusing your efforts.

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