Tuesday, August 21, 2012

Nifty Tips For Tomorrow : SGX Nifty Updates 22 August

It was a good day of trade on Dalal Street as the Nifty managed to cross its resistance of 5400 and give a closing above it, for the first time since March 16. Banks, IT, cements and power stocks saw strong buying interest. Sensex shut shop at 17885, up 194 points and Nifty at 5421, up 54 points from the previous close. CNX Midcap index was up 0.3% and BSE Smallcap index was up 0.5%. The market breadth was positive with advances at 798 against declines of 634 on the NSE.

Top Nifty gainers were Sterlite IndustriesDLF and Sesa Goa while losers included Bharti AirtelCairn India and PNB. 

Indian Share Market Trend Tomorrow 22 Aug :-

Indian share market today i.e. on 21 aug gave a fantastic closing and painted market green. There were all happy faces at the end of the day, all took a relief breadth, now share market trend for tomorrow is considered to be up. We expect Nifty to do well as well as Sensex. Keep a close eye on some of the hot stocks tomorrow like Maruti suzuki, RIL, Tata Motors. 

Nifty Levels For Tomorrow 22 Aug 

Pivot Level = 4852
Support1 = 4800Resistance1 = 4902
Support2 = 4749Resistance2 = 4953
Support3 = 4698Resistance3 = 5004


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