INTRADAY STOCK TIPS FOR TODAY: Intraday Strategy For 9 August(Nifty Trend and Tips)

Monday, August 8, 2011

Intraday Strategy For 9 August(Nifty Trend and Tips)

Intraday Strategy For 9 August:-

Dear visitors today market start with very low point and this low trend was continue remain the day.After the European market opening Indian market try to recover but it could not be possible.Due to Fear of recession in America created a situation of panic selling in India and today closed with a loss of more than 1.8%.and today Sensex closed at 16990, down 316 points from its previous close.

Nifty Trend and Tips For Tomorrow:- Today Nifty opened below 5100 today and was remained rangebound and closed at 5118, down 93 points.Nifty was much better position then sensex.

Nifty Levels for Tomorrow:-Nifty has its first support level at 5114 and last support level at 5048.

ans Nifty has its first resistance level at 5140 and last resistance level at 5208.

Expert Advice:- Its time to invest in Blue chip stocks because India has excess liquidity so in down trend session India may perform well.It also assuming that Nifty may be have support near to 5050.

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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."