INTRADAY STOCK TIPS FOR TODAY: Intraday Tips For 8 September|Nifty trend For Tomorrow

Wednesday, September 7, 2011

Intraday Tips For 8 September|Nifty trend For Tomorrow

Intraday Stock Market Tips For 8 September:-

Today stock market had pullback mood and again sensex cross the 17000 level.Stock market had good support due to strong Global cues.Today Reliance Industries contributed rise of 40.85 points in the Sensex. It was followed by H D F C Bank (39.74 points), L & T (33.4 points), Housing Development Finance Corporation (22.88 points) and SBI(18.83 points).Today both market indices perform well all sectors traded in the green only ITC and Infosys were the doays losers.and ened with Green note.The Sensex closed at 17050, up 187 points..

Stock Tips For Today:-

1- ICICI Bank Ltd. Buy above 896.80 898 with the target of 904-906 with stop loss of 880.

Nifty Trend For Tomorrow:-Today Nifty touched the level 5150 and closed at 5123 (provisional), up 59 points.It is expected that tomorrow nifty will be bullish.

Nifty Level(Support and Resistance) For Tomorrow:-Nifty has resistance level above 5175-5200.If nifty will go below 5110 then nifty has support level at 5080-5066.

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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."