Indian Share market Trend Tomorrow - Nifty Predictions 31 August

Indian share market trend today traded mixed. As we predicted earlier, Nifty managed to close above 5300. Foreign institutional investors (FIIs) were net buyers of Rs 2,306.10 crore (provisional) today, according to data released by BSE. While FIIs made gross purchases of Rs 5,167.92 crore, gross sales totalled Rs 2,861.82 crore.

MAJOR EVENTS TOMORROW :-

1. 31-8-12 – GDP Nos. (India)

2. 31-8-12 – FED Chairman Mr. Bernanke speaks (U.S.A.)

3. 1-9-12 – ECB President Mr. Draghi speaks (Eurozone)

TOP STOCKS TO WATCH TOMORROW :-

BINDALAGRO GMRINFRA IDBI INDIACEM STERLINBIO SELMCL KTKBANK BFUTILITIE ADANIPOWER RENUKA MASTEK SBIN ONGC JKLAKSHMI JETAIRWAYS TVSMOTOR GSPL VOLTAS RADICO DRREDDY ONMOBILE INDUSINDBK SATYAMCOMP EDUCOMP TATACOMM IFCI HINDALCO VIPIND HAVELLS TATAGLOBAL CENTRALBK VAKRANSOFT OPTOCIRCUI DCB ESCORTS.

Nifty Expiry- Jackson Hole Meet Today 30 August

Nifty futures, Nifty expiry 30 aug, central banker's meet jackson hole, Day trading tips today, online trading tips, Intraday stock tips today, MCX Silver trend today, silver trading tips, Intraday silver tips 30 august, commodity trend today, best stocks to buy today,best stock tips, nifty intraday calls, Nifty Expiry today

The Nifty opens lower for fifth consecutive session on the final day of the expiry. The focus will now shift to West awaiting decisive move from central bankers’ meet at Jackson Hole.

NIFTY CHART ANALYSIS

The action formed the biggest Bear Candle of the current Settlement ending today. The candle's high-low levels exactly touch both sides of the channel we showed. The low is now testing the previous support of August 10 at 17471. After heavy losses, watch if the nearby levels provide some support again. The bias would remain negative otherwise

CURRENCY UPDATES AND TIPS

ICICI direct expects the US dollar to attract some buying on declines against the Indian Rupee. Buy USDINR September future above 55.88 with a stop loss of 55.79 and target of 56.05

TOP 10 STOCKS TO TRADE TODAY

1) Tech Mahindra Ltd

2) SKS Microfinance Ltd

3) Orchid Chemicals & Pharmaceuticals Ltd

4) ONGC Ltd

5) Mphasis Ltd

6) Wipro Ltd

7) L&T Ltd

8) Tulip Telecom Ltd

9) McNally Bharat

10) IVRCL Ltd