INTRADAY STOCK TIPS FOR TODAY: market trend for 17 jun

Thursday, June 16, 2011

Nifty Trend | Market Prediction For 17th Jun | Nifty Tips for 17th Jun

Dear Visitors,As you can see market is still in the condition of bearish mood.So Do not trade in big lots.
Today market fall down before the RBI reports.and after RBI Report came market 25 points move-up but again it back to its mood.and closed with negative mood.

Nifty Trend For 17th Jun:-

Nifty has resistance at the 5490 levels and Support at the 5400 levels below which the 5375 level maybe tested.So be careful before make a move...

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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."