Nifty Rangbound Today |Stock Tips Today

Nifty Has Rangbound Trend :- Nifty is expecting to trade at negative bias with rangbound session tracking weak Asian markets.Nifty is now expected to take resistance around 5,689 and head lower till 5,600 in the short term. The key supports in the immediate run will be around 5,600 and resistance will be at 5,689.Nifty has taken resistance at the upper end of the upward sloping channel, ie 5,815, and is expected to correct in the short term till 5,600. 

Stock Tips Today :- Sell SIEMENS below 680 for target of 675 with stop loss of 687. 

Sell APOLLO HOSPITALS below 730 for target of 725 with stop loss of 740. 

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Infosys Q2 Result :- Infosys fell 0.6 percent ahead of its second quarter earnings that are due to be announced tomorrow morning.

Stock Market Overview | Nifty levels tomorrow

Stock Market Overview :- The spectacular rally in the stock market on Wednesday was sparked off by multiple factors as the benchmark indices closed near psychological resistance levels led by gains in infrastructure, auto and banking stocks.Indian markets rallied due to multiple triggers government actions.Rising hope of policy rate cut by RBI, expected positive outcome from upcoming ECB meet cheered domestic stock markets today. 

Nifty Levels For Tomorrow :- Tomorrow trading is expected between the broad levels of 4840-5085. If the market breaches the level of 5040 on the upper side then the next resistance level will be 5085. But if nifty breaches the support level of 4940 then it may go down till the level of 4840. 

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Stock market Updates with Nifty range tomorrow 24 May 2012

Stock market updates :- After a long gap market closed at positive mood,both intraday stock market indice trading at green zone due to strong buying in Oil,gas and banking sectors.Hike in petrol price and European market gains made the market pull back mood.the sentiment seems to have turned bullish on expectations of price hike in diesel and LPG which will help reduce subsidy burden and lower fiscal deficit as well.For tomorrow market is expecting up opening. 

Nifty range :- support - 4848/ 4736  resistance - 4960 / 5072 pivot point – 4886 

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