INTRADAY STOCK TIPS FOR TODAY: Nifty levels for 22 September

Wednesday, September 21, 2011

Intraday Trading Tips for 22 September|Nifty trend for tomorrow

Intraday Stock Market For 22 September:-

Stock market had the rangbound session today.Both market traded in choppy session due to week global cues.Capital goods and media stocks closed with significant gains in today's session while oil & gas, auto and metal closed with losses. The Sensex closed at 17065, down 34 points.

Intraday Tips For Today 22 September:-

1-Welspun Corp Ltd. Buy above 127.25 with the target of 129.50-134 with the stop loss of 125.

Nifty Trend For Tomorrow:-

Nifty had ranbound session today and closed at 5133, down 7 points.

Nifty Levels:-Nifty has support level below 5152-5225.and nifty has resistance level at 5128-5078.

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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."