INTRADAY STOCK TIPS FOR TODAY: Nifty Strategy For Today With Stock Tips

Monday, August 13, 2012

Nifty Strategy For Today With Stock Tips

Nifty Strategy For Today :-Nifty Index is expected to open soft on Monday tracking mixed Asian markets while investors will keep a close eye ONGC after the company reported quarterly results over the weekend.Today nifty have volatile trding session.It may have bearish trending session today.Today Nifty levels 5251, 5286, 5318, 5347, 5372, 5403. above 5354 bullish trend, below 5321 bearish trend.

Stock Tips For Today :- TECH MAHINDRA buy above 805 with target of 813 with stop loss of 792.

BPCL buy above 354 with target of 358 with stop loss of 350.

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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."