INTRADAY STOCK TIPS FOR TODAY: nifty levels for 16 jun

Wednesday, June 15, 2011

Nifty Trend | Market Prediction For 16th Jun | Nifty Tips for 16th Jun

Today when market open it traded flat and range bound.and in last it ended with the negative mood.

Today Nifty at 5447, down 53 points from the previous close Sensex closed at 18127, down 180 points.

So todays session is not prove so much good for traders.

Nifty Trend For 16 Jun:-

Nifty must stay above the 5510 levels sustainable with volumes and open interest expansion to rally intraday. On the other side, sustaining below the 5490 levels may trigger a fresh bout of declines.

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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."