Monday, March 12, 2012
STOCK MARKET TREND| INTRADAY TIPS TODAY 13 MARCH 2012
STOCK MARKET OUTLOOK:- This week stock market has full of power pack events and one of them IIP data is revealed today with some profit.After the IIP data release market could not sustain the morning positiveness and closed with flat trend at 17578,up 75 points.In todays trading session banking stock was in the limelight due to RBI slashed CRR by 75 bps.
NIFTY TRADING STRATEGY:- Nifty performed well in the morning session before the IIP DATA release after it release market lost its morning gains and close its trading at flat note.
Nifty Levels:-Intraday Nifty has resistance level at 5433 and last resistance level at 5522 and support at 5344 and last support at 5255 with pivot point at 5389.
BANK Nifty Support and Resistance:-Bank Nifty has resistance level at 10810 and last resistance level at 11066 and support at 10554 and last support at 10298 with pivot point at 10690.
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