INTRADAY STOCK TIPS FOR TODAY: Stock market Trend |Nifty Levels tomorrow

Monday, June 11, 2012

Stock market Trend |Nifty Levels tomorrow

Stock Market trend :- Again bear win the race and bull have to come down on earth,following sudden news of possibility to downgrade India`s Investment grade rating by S&P.In the morning session stock market had the gap-up opening but in the last tarding seeion it came down and start trading at negative bias and closed at flat to negative.

Stock tips for 12 June :- Buy gipcl above 70 first target 71 second target 73 stop loss 68

Nifty levels for tomorrow :- Support- 5008/4918 Resistance – 5098/5188

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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."