INTRADAY STOCK TIPS FOR TODAY: Intraday Tips For Monday 29 August

Friday, August 26, 2011

Intraday Tips For Monday 29 August

Stock market Fall

Intraday Stock Market Trend For 29 August:- stock market had quiet and flat starting today.and both market indices tarde fale in the morning session after morning session both stock market indices start to slipped down and this fall was incerease at the end of the todays stock market session.Stock market come under extreame selling pressure.Today Sensex broke its phscological level.In stock market fall Reliance Industries,ITC,SBI,ICICI bank contribute to deep down the market.The Sensex closed at 15862, down 284 points from its previous close.Stock market is on Fully floating directionless situation.

Intraday Tips For Today:- here are intraday tips For 29 August.

1-Infosys Ltd. Buy above 2,204.55 2210 with the target of 2226-2230 with 2162.

Nifty Trend For Tomorrow 29 August:-Today Nifty has slipped down 18 month low from the Feb 2010.ADAG was the biggest losser in Nifty.

Nifty Level(Support and resistance level):-Nifty has first support level at 4695 and last support level at 4570.Nifty has its first resistance level above 4830 and last resistance level at 4790.

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PR Activities

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."