Nifty is expected to face resistance at 5,415-5,480. Technically, 5,415 is a resistance by 200 Daily Moving Average (DMA). In July 2011, Nifty saw major correction after touching 200 DMA. Above 5,415 level, at 5,480, Nifty has resistance from long term trend line drawn from Nifty`s major top. In this scenario, we suggest traders to [...]
The stock is in uptrend since the beginning of 2009 and continued the rally with a marginal fall which retraced it to the levels of around 145 levels form which it again gave a sharp rebound. One can accumulate in a range of 162-164 levels with closing below stop loss of 155 levels for the [...]
Ambuja Cement :
The stock has shown minor downfall during the trading hours and ended up on a negative note. It is expected to reverse back taking resistance at higher levels since it is continuously testing & resisting the higher levels. It now has support at 152 breaching of which could take stock further downwards….Stock Intraday [...]
I think we must understand that it’s now almost over a year since the markets have endured bad news. We peaked somewhere in November 2010 at about 6,200 after which we have been grinding lower for almost about a year to 4700-4750 levels. I think what was also important was that most of the investors [...]
Intraday Trading Tips : Oone can go for long in MCX Gold with a target Rs 27300-27500.
MCX Gold: Short-Term Bullish- MCX Gold has been holding above trendline support S since the past three weeks following a sharp sell-off in the previous month. The price has support at Rs.26600 level above which the short-term trend looks [...]
Gold and Silver is expected to trade higher today on account of a weaker dollar. Silver will further take cues from upside in the base metals too. We expect base metals and crude oil to trade on a positive note …….. read more from source MCX BULLION TIPS
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The market will take cues from the global markets and is expected to open on a flat to positive note tomorrow. Trade long from 5,070-5,080 for targets of 5,120-5,150 with a stop loss below 5,050. Alternatively trade short below 5,050 for targets of 5,000.
Ref : Nifty intraday Outlook
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Markets started the day on weak global cues as the US markets had closed around 2% lower on Friday. Asian markets were also trading sharply lower. European indices opened in the red after draft budget figures showed Greece would miss its deficit targets this year, which might necessitate additional bailout funds from its international lenders. [...]