Thursday, September 8, 2011

SHARE MARKET TREND TODAY (Thursday 8th Sept)

Good Morning dear readers, share market has opened today with a flat note, if we talk about share market trend today then trend is not supported with good volume.

The 50-share Nifty index is likely to rise to levels closer to 5,170-5,200 levels in this week. The Nifty has strong support close to 5070 levels and is likely to remain buy for some more time.

NIFTY SUPPORT & RESISTANCE LEVELS :-

SUPPORT :- On downside first support is at 5100-96 level.Next supports are at 5076-72,5050-47

RESISTANCE :- Today the first resistance for nifty is at 5149-53 level.Next resistance ranges are at 5174-78 ,5194-98

SHARE MARKET RECOMMENDATIONS TODAY :- (CLICK to get FREE on mobile)

1. 'SELL' Asian Paints Ltd  with a target of Rs 3100 and a stop loss of Rs 3266 


2. SELL Bata India Ltd  with a target of Rs 675 and a stop loss of Rs 717.25 


3. 'BUY' SBI is with a target of Rs 2130 and a stop loss of Rs 1990 

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