SHARE MARKET VIEW FOR LAGECAP, MIDCAP AND SMALLCAP AND NIFTY TRENDS FOR 23RD-JUNE-2010
Stock market is open week today and it will trade under pressure. Short sell is good for today in the market. Some good business can say frontliners, Wipro, HCL Tech, Jaiprakash Associates, Unitech, Sterlite Industries, Jindal Steel & Power, Hindalco, ICICI Bank, Reliance Communications, Suzlon Energy and ITC were witnessing selling pressure and there are some more like Tata Steel, SAIL, BPCL, Reliance Power, GAIL and ONGC were gainers. PSU oil companies etc. in which we can see buying interest. If we look at the midcap and smallcap about 407 shares advanced while 380 shares declined on NSE. Today nifty will find support at the level 5250-5275 and today the resistance will be seen 5330 and not more than that. The next resistance level would be 5350 but it is the strict level for today. It is recommend to go for short in nifty.For more CLICK HERE
