INTRADAY STOCK TIPS FOR TODAY: Intraday Tips For Today 8 Jun 2011 Wednesday

Wednesday, June 8, 2011

Intraday Tips For Today 8 Jun 2011 Wednesday

SBI

SBI has Intraday level 2335 for today.Trade long above that level and trade short below that level in the intraday.

For The positional traders,trade long above 2335, for a target of 2390. Trade short below 2335 for a target of 2280.

Axis Bank

Axis Bank has intraday level 1255 for today.Trade long above that level and trade short below that level in the intraday.

For The Positional Traders, trade long above 1255, for a target of 1300. Trade short below 1255 for a target of 1200.

ICICI Bank

ICICI Bank has intraday level 1070 for today.Trade long above that level and trade short below that level in the intraday.

For the Positional Traders, trade long above 1070 for a target of 1100. Trade short below 1070 for a target of 1040.

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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."