INTRADAY STOCK TIPS FOR TODAY: NIFTY TREND TOMORROW

Wednesday, March 21, 2012

NIFTY TREND TOMORROW

STOCK MARKET TREND:-Intraday stok market had the up trend closing with good gains today.Having the short covering and value based buying today in the stock market showing the best trading session in the march till now.And closed the sensex at 17602, up 285 points.All sectors of the market participate equally today and have profit.for tomorrow experts are expecting the same trend till the some major policy decision come out.

Nifty Trend Tomorrow:- Nifty had the postiove closing today with moderate gains.For tomorrow nifty has the resistance level at 5447 and expecting to touch 5577 and support at 5317 and expecting to touch 5187.

Bank Nifty Support and resistance level:-Bank nifty has resistance level at 10750 and expecting to touch 11114 and support at 10386 and expecting to touch 10022 and have pivot level at 10508.

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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."