Share Market Trend Today- Intraday Stock Tips

Thursday, 28 June 2012

After two days consolidation, Indian benchmark indices started off the day with flat note. Today being F&O expiry of Nifty, the market likely to trade sideways with negative bias.

Before it, US markets closed higher but traders and investors have concern over Two days EU summit which is starting from today. It is supposed to ease the euro debt crisis a bit.

Nifty likely to remain rangebound as It has been doing from last couple of days. Immediate Technical resitance can be seen at 5170 level above which Nifty may touch 5200-5230 level.

5080 is acting as stiff resistance on downside.

Intraday Stock Tips for Today

Buy Tata steel above 423.50 TG- 426.00-428.50-430.00 SL- 419.50 

Buy Titan Industries Ltd above 217.50 TG- 219.00-221.50 SL- 215.70

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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

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Market Trend and Intraday Tips For Today

Indian equity markets started the day with positive note after US markets closed higher. 25-30 points gap up is expected in the market. For NSE's Nifty, 5138 is the immediate resistance above which 5155 is next resistance level. The market is expected to remain positive for the day.

Stocks To Buy Today-

Buy ITC above 251.50 TG- 253.00-255.50 SL- 247.90

Buy Jindal Steel above 432 TG- 438-442 Sl- 427.50  

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Intraday stock Tips: JP Associated & Jindal Steel

Stocks To Pick Today

JP ASSOCIATES showed volatile movements in today’s trading session and made intraday low of 69.25. The stock now has resistance level at 73 and may take support from the level of 67. In short term it is expected to remain volatile, below the support level stock is looking further down.

RESISTANCE – 73

SUPPORT – 67

JINDAL STEEL AND POWER had a gap up opening and had consolidation session and closes with negative biasness; the major trend in stock is sideways. The stock is now facing resistance at 443 and has support at 425. As the stock closed on negative note a further down movement can be seen in the stock once it breaks its support level.

RESISTANCE – 443

SUPPORT – 425

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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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