INTRADAY STOCK TIPS FOR TODAY: Market Outlook And Nifty Range For Tomorrow

Thursday, June 28, 2012

Market Outlook And Nifty Range For Tomorrow

Market Outlook :- Having the f&O expiry series market closed at flat note with moderate gains today.FMCG anf consumer durables are the strongest gainer in todays trading session.Market investors have hope from the European union summit.As tomorrow is the last day trading session for this June month and market is having the rangbound sentiments.

Nifty Range for 29 June :- Tomorrow nifty is going to trade between the resistance range of 5164- 5202 and support range of 5126- 5088 with pivot level of 5143.

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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."