Tuesday, March 22, 2011

INTRADAY TREND>>NIFTY TREND & TIPS 22 March

If NIFTY breaches 5401 and stays above atleast 5382 with good volume then NIFTY may see 5420 and 5465.If Nifty breaches 5328 and stays below 5347 then NIFTY is weak.Then expected lower targets are 5311 and 5275.
If SENSEX breaches 17958 and stays above 17898 with good volume then possible upper targets are 18050 and 18170.If Sensex crosses 17720 and stays below 17780 level then Sensex is weak.Then expected lower targets are 17630 and 17550.


NIFTY SUPPORT & RESISTANCE LEVEL TODAY 22 March :-
RESISTANCE:     5425 & 5505.
SUPPORT:          5310 & 5230. 



STOCK ADVICE TODAY :-
company                                            Price                    advice
SAIL                                                       162.45                      BUY
HINDALCO                                           191.85                      sell
IDBI BANK                                           133.95                       buy 
Guj mineral                                    135.05                       buy
lupin                                                    410.65                      buy


All above levels are spot levels
Market strategy :- Trade both sides with strict stop loss.
Intraday break out level to watch on NIFTY Spot- 5401
Intraday break down level to watch on NIFTY Spot- 5328

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