Monday, December 27, 2010

Intraday Stock Tips For Today

Intraday Stock Tips For Today:
Today major Intraday stock Trading markets in Asia are trading mixed. Shanghai Composite is down by 0.63% at 2837 and Hang Seng is down by 0.36% at 22822. Japan’s Nikkei is down by 0.71% at 10273 and Singapore’s Straits Times is up by 0.24% at 3145. Singapore Nifty future is currently down by 1.50 points at 5994.50.

Yesterday In Intraday Stock Tips all leading American indices like Dow Jones Industrial Average, NASDAQ index and the S&P 500 (SPX) ended mixed. Dow was up by 0.12% and closed at 11574; S&P 500 was down by 0.16% at 1257. European indices ended mixed with FTSE up by 0.21%, DAX was down by 0.14% & CAC 40 was down by 0.21%.

Today the markets of Intraday Share Trading are likely to open on a flat note on back of mixed global cues. All Emerging markets are trading mixed.

Pivot points for intraday Nifty based on 60 minute chart are P=5981 R1=5988 R2=5997 S1=5971 S2=5966.

The coming session is likely to witness a range of 5850 on declines and 6150 on advances.

If we look out to CNX IT chart pattern it is likely to be trading in range between 7265-7380 with a good support at 7265 levels and the next support for it is on 7220 level.So IT stocks may continue there momentum slowly and steadily.One counter HCL-Insys was showing good upmove in last 2 trading sessions may continue its rally so keep an eye on this counter.Infosys is also looking good above 3300 and may keep moving.

On part to the CNX INfra which was the leader of the indices on last trading session can shows some strength and may support Nifty today also. One counter RComm from this pack close up by 10% in last Intraday share tips session may see a resistance at 145 levels,if it breaches this level on closing basis we may see a instant rally of 10-15% in this counter.

Bank Nifty is also trading in a range of 650 points between 11000 on lower side and 11650 on higher side.So, we may not see any major movement in it unless it breaches 11650 on closing basis although it tries to breach this level on couple of times but didn't sustains to that level.

We may see a good move in Nifty Midcap 50 stocks today. Technically it is making a small flag pattern and and gives an upside movement above 2885 levels .Currently trading at 2861 levels.

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