INTRADAY STOCK TIPS FOR TODAY: NIFTY TREND FOR TOMORROW|Nifty Market Updates For Tomorrow

Monday, November 21, 2011

NIFTY TREND FOR TOMORROW|Nifty Market Updates For Tomorrow

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INTRADAY TIPS FOR 22 Nov:- On the intraday basis today Stock market had the weak opening as Dow Jones and European market closed at lower level that made the asian market at extreme selling pressure.And that weakness increased with the trading session and in the afternoon session it increased with more pace with substantial losses.The fear of euro debt crisis made the market to bleed and in the last trading session both stock market indices break the psychologically level.In the todays trading session IT,METAL,BANKING are the worst performer.Sensex had closed it trade at 15946,425 points down.

NIFTY TREND FOR TOMORROW:- Nifty follow the trend of last week and ended at red zone at 4778 with 127 points down.

Nifty Levels:- Nifty has support at 4725.7 and last at 4580.75 and resistance at 4870.65 and last resistance at 5015.6.

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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."