SHARE MARKET TREND for wednesday 24 august

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Share market has opened today but if we talk about share market trend today then it has opened on a quite note and indicating a weak start. Share market breadth is negative in the opening trade.
Indian markets are likely to trade close to 4,980 levels on Nifty in early trade, however expiry pressures and extensive writing in 5,000 calls will prevent the current pullback from taking the markets too high from the present levels.

SHARE MARKET TIPS TODAY :-

Following are the buy and sell recommendations from our techncial expert's. Please have a look :-

1. BUY chambal fertilizers & chemicals limited with a target of Rs 120 and a stop loss of Rs 98.00

2. BUY SBI with a target of Rs 2200 and a stop loss of Rs 2035

3. BUY Bank Of Baroda

SHARE MARKET TREND TODAY 22 aug

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Share market has opened with a flat note today. if we talk about Nifty then the first resistance for nifty is at 4885-90 level.Next resistance ranges are at 4928-33,4960-65,4992-95,5018-22 level,5051-54 level,5082-86 level,5111-13 level,5139-43 level. Technical support for the Nifty is marked near.

first support is at 4805-00 level.Next supports are at 4789-85 level

STRATEGY FOR PLAYING SAFE TODAY :-

The nifty is now trading deep in the red so be very alert and do not attempt to do buy at low.Better wait for a reversal in trend to buy.SO today nifty expected to open gap down and more selling to follow below 4800 level and on upside till nifty is above 5000 stay away from long side.For Intraday it is better to stay away from shorts if nifty is above 4900.

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