INTRADAY STOCK TIPS FOR TODAY: Stock Market Review With Nifty and Intraday tips 17 September

Friday, September 14, 2012

Stock Market Review With Nifty and Intraday tips 17 September

Stock Market Review :- As we expected stock market had the friday blast today both indices was traded at higher note,as investors are viewing the government’s steps on fuel price as a precursor to the Reserve Bank of India cutting policy rates shortly.For coming week market have RBI meet related with interest rate that can move the stock market.For 17 September expert are expecting to trade with posiive bias.

Nifty Updates :- Technically , if nifty breaches 5,390 , further selling up to 5,200 can be seen. On the other hand, a move beyond 5650 could pave the way forward to 5900.

Intraday Tips For Monday 17 September :- BUY Geometric Ltd. Intraday Target 118 Stop Loss 110.5

BUY Allahabad Bank Intraday Target 126 Stop Loss 119.

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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."