INTRADAY STOCK TIPS FOR TODAY: stock Intraday strategy| Nifty trend For Tomorrow

Wednesday, August 10, 2011

stock Intraday strategy| Nifty trend For Tomorrow

Stock Intraday Strategy for 11 August:-

Today stock market had strong pullback and open with strong note and perform well and today Auto sector was the biggest Gainer. The Sensex ended at 17113,up with 255 points from its previous close.In the last hour stock market trading the day as European market start to recover their losses.The BSE Midcap and Smallcap indices moved up 2% each.

Nifty Trend For Tomorrow 11 August:-

Today Nifty Trend was Bullish and nifty perform well and ended up with 83 points at 5,155.nifty has support level at 4975-4930.Nifty has resistance level at 5240-5265.

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CapitalVia Global Research Head of Research Vivek Gupta said: "The good thing to cheer for the investors is that now they own a stake in the company which is much more clean in all the aspects and is amongst the top-five IT companies." Via moneycontrol.com Commenting on the outlook, the broking firm CapitalVia Global Research said, "Next week, if gold sustains above the level of 26,430 then by breaking the level of 26,890, it may touch the level of 27,250. But if it fails to sustain above 26,430 then may touch the level of then it may test the level of 25,311/25,200. For silver 42,800 may act as good resistance. For the next week, traders can sell on higher level strategy, if MCX Silver September futures sustains below 41,080 then it could test the levels of 40,340/ 39,900." Via myiris.com Vivek Gupta, head of research, CapitalVia Global Research said, "Technically, Nifty is likely to consolidate in the upcoming session and remain bullishly poised. Major resistance for upside is 6,080 with the crossing of which 6,150 can be touched. For downside, major support is at the level of 5,850 and 5,750."