INTRADAY STOCK TIPS FOR TODAY: market trend for 23 jun

Wednesday, June 22, 2011

Nifty Trend | Market Prediction For 23rd Jun | Nifty Tips for 23rd Jun

Today Market Trend:-

Dear visitors today market again came it its last week mood and again sensex end at negative mood.

Indian shares provisionally closed 0.1 percent lower on Wednesday.

Nifty Trend and tips For 23 jun:-

Nifty continues to be in range bound mode and holding the support of 5250 and above in past two days. Nifty closes at 5278.

Resistance :- Nifty has 5320 only for target of 5355-5395.For 23 Jun

Support Level:- Nifty has 5200-5165-5135.For 23 Jun

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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."