Nifty Trend For Tomorrow

Market continuously going upside. Today it has gained 202.19 points in BSE and set itself in bullish position. Short covering in European markets post deep cut yesterday too improved sentiments. The 30-share BSE Sensex recovered from previous loss - rose 202.19 points to close at 17,065.00 and the 50-share NSE Nifty jumped 60.35 points to end at 5,124.65. Market may hold the same position in next trading session also!!

Technical Levels in Nifty-50 for Tomorrow:

Resistance  :  R1  :  5200,  R2  :  5270.

Support       :  S1  :  4940,  S2  :  4860.

Free Nifty Tips For Today (6th Sep '11)

Axis Bank Ltd.

Buy Axis Bank above 1117,

Target: 1128-1139, Stoploss: 1104.

Tata Consultancy Services Ltd.

Buy Tata Consultancy Services above 1031,

Target: 1040-1049, Stoploss: 1019.

Larsen & Toubro Ltd.

Buy Larsen & Toubro above 1629,

Target: 1640-1652, Stoploss: 1615.

Stock Intraday Calls For Tomorrow

Oil And Natural Gas Corporation Ltd.

Sell ONGC below 262.60,

Target: 259-257, Stoploss: 265.

Idea Cellular Ltd.

Buy Idea Cellular above 100.40,

Target: 102-103.50, Stoploss: 97.5.

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Stock Market Outlook For 2nd Sep '11

The bulls gained control of the Dalal Street whole the day of trade, which resulted in the Nifty closing just above the 5000 level. As the new contract has been strated in this month, market has taken again a high jump as we predicted. The 30-share BSE Sensex surged 260.42 points, to close at 16,676.75. Meanwhile, the 50-share NSE Nifty jumped 81.40 points, to end at 5,001.00 after hitting an intra-day high of 5,030.30. Market remain in the same position tomorrow also!!

Technical Levels in Nifty-50 for Tomorrow:

Resistance  :  R1  :  5090,  R2  :  5160.

Support      :  S1   :  4920,  S2   :  4850.

Market Trend For Monday : 29th Aug '11

The bears gained control of the Dalal Street in the last hours of trade, which resulted in the Nifty closing below 18-month low level. Panic selling triggered when the Nifty broke the 4800-mark. The 30-share BSE Sensex plunged 297.50 points to close at 15,848.83 after hitting an intra-day low of 15,765.53. The 50-share NSE Nifty touched an intra-day low of 4,720, before closing the session at 4,747.80 (lowest closing for the first time since February 5, 2010), down 91.80 points.

Technical Levels For Monday-

Resistance  :  R1  :  4800,    R2  :   4860.

Support      :  S1  :   4650,    S2  :   4590.