Wednesday, December 22, 2010

Intraday Share Tips For Tomorrow


Last week market witnessed a dull trade through-out the week lead by low volumes… After RBI kept key policy rates unchanged, markets witnessed some technical pullback in from oversold stage on Thursday…

FII’s still continued to be at net sellers, as they are ahead of their year ending… We expect this to continue for a while…

Now we have to watch the development in political front on 2G Spectrum issue, after CBI named DMK’s key persons names with Former Telecom Minister Raja… DMK going to held its top level meeting on Saturday, DMK plays key role in Congress lead Government, if DMK comes out with any bad decision towards their alliance, that could cause a strong setback in markets…

Finally, in coming week we expect market to maintain sideways trend – if nothing happens bad in political front… If any bad issue from political part could drive back to 5800-5700 levels, otherwise we will see low-volume driven sideways markets, cause by absence of FII’s participation… “WISH YOU ALL MERRY X-MAS and ADVANCE HAPPY NEW YEAR 2011”…

FOR INTRADAY SHARE TIPS: 
SENSEX 19865
TECHNICAL VIEW (Week 20.12.10 – 24.12.10):
This week 19986 & 19716 will act as “KEY LEVELS” – if it maintains above 19986 or maintains below 19716 levels will decide the trend of market in next week…
SUPPORTS: 19716, 19545, 19432 & 19287…
RESISTANCES: 19986, 20115, 20340 & 20475…


SENSEX FOR THE DAY 20.12.10:
Today, if SENSEX maintains above 19927 will give upside target of 20044-20115 levels… Or else it may slide up to 19635-19544 levels…

SUPPORTS: 19779, 19716, 19635 & 19544…
RESISTANCES: 19927, 19986, 20044 & 20115…


INTRADAY SHARE NIFTY 5949
TECHNICAL VIEW (Week 20.12.10 – 24.12.10):
This week 5987 & 5904 will act as “KEY LEVELS” – if it maintains above 5987 or maintains below 5904 levels will decide the trend of market in this week…

SUPPORTS: 5904, 5851, 5819 & 5774…
RESISTANCES: 5987, 6026, 6093 & 6134…

INTRADAY NIFTY FOR THE DAY 20.12.10:
Today, if NIFTY maintains above 5968 levels – then it will give upside target of 6003-6026 levels… Otherwise it may slide up to 5874-5851 levels…

SUPPORTS: 5923, 5904, 5874 & 5851…
RESISTANCES: 5968, 5987, 6003 & 6026…

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