INTRADAY STOCK TIPS FOR TODAY: Stock Tips – Outlook and Trend 21 August

Friday, August 17, 2012

Stock Tips – Outlook and Trend 21 August

Stock Market Outlook and trend :- When CAG (Comptroller and Auditor General) reports tabled in parliament,it took the indices down and washed all the morning gains and forced to closed with flat note.For tuesday opening market having consolidate trend.FMCG, IT, auto and consumer durables were the biggest gainers in today's session while realty, power and metal tried to pull the indices down.

Stock tips :- BUY Wire & Wireless (India) Ltd. Intraday Target 23.85 Stop Loss 22.25.

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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."