Market Today and Intraday Trading Tips for 15 June 2012

Negating the bearish expectation, the market started the day with positive note. Nifty is currently trading up 34 points to trade at 5088 level. Of it manages to cross 5100 level and successfully prevails this level, we can expect this positiveness to long for the entire day. Nifty may hover between 5050-5130 range today. Since Greek election results are awaited on Sunday so Global markets are likely to remain stable.

Intraday Tips for Today-

Buy Nifty Futures above 5080 TG- 5109-5130 stoploss below- 5058

Buy HCL tech Above 485 TG- 490-494.00 SL below 480.00

Sell Tata Steel Below 405.50 TG- 401.00-397.50 SL- 408.50

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Stocks To Buy Tomorrow

Indian Stock Market negated the effect of lower than expected IIP data and Market bounced back n the second half of the session to rally more than 1%. Nifty rallied 61.80 points to close above 5100 level at 5115.90.

All the sectors closed in green except healthcare and banking, realy capita lgoods were the top gainers today.

Stocks To Choose tomorrow for Intraday Trading-

Buy Sterlite Industries Ltd above 104.70 TG- 106.50-107.00 Stoploss below- 102.70

Buy JP associates above 69.50 Target- 70.20-71.00 Stoploss- 68.10

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Market Outlook for Tomorrow

Indian Stock markets started day with more than 1% gap up opening initailly and remained stagnant thereafter. But later when standards and poor's (S and P) report on india's investment grade wiped out all the early gains. S and P has cautioned that Indian can lose its investment grade due to worsening economic scenario has threatened the market. NSE's Nifty lost around 70 points from its day high and closed at 5054 after losing 14 points. Share market is likely to remain negatively biased for tomorrow. Crucial Technical resitance is lying between 5100-5130 level while support can be seen near 4990.

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Free Intraday Trading Tips for Tomorrow-

The market extended gain on Thursday and closed with significant gain. Nifty gained 1% and closed near 5050 level. The sectors which performed the best today were-  Realty, banking, auto and FMCG. Power, metal and capital goods also earned good today while consumer durables were the only losers today.


Intraday Tips for Tomorrow- 8th June 2012
Nifty Futures- Nifty Settled at 5033 and it is facing the nearest restance at 5055 and then at 5070 level. Traders can go for long in Nifty futures for the targets of 5070-5090-5110 keeping a strict stopl os on downside.

Stocks To watch
Buy DLF above 195.40 Target- 196.80-198.00-200 Stoploss- 193.20
Buy Larsen & Turbo Ltd above 1282, TG- 1293-1309 Stoploss- 1260

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Market Trend & Intraday Stock Tips for Today

The initial run of the market is indicating a positive session for Nifty. The market started the day in green zone and this trend is either likely to prevail or the market would be in a range today.

Technically Nifty futures is having nearest resistance at 4900 level above which it may see some more upside till 4930-4950. Next Major resistance is seen near 5000 level.

On the downside, 4765 is acting as stiff resistance for Nifty Futures.

Stocks Tips for Today-

Buy Dena Bank Above 94.10, Target- 94.80-95.40 Stop-loss- 93.20

Buy State bank Of India above 2080 Target- 2109-2133 Stop-loss- 2038

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