Tuesday, August 21, 2012

Indian Stock Market Tips|Strategies Today Free

Today's Stock Market openingwas on a short note. Both BSE and NSE opened on the same note and gives the signal for the short positions. It seems that market may gain somewhat in the noon trading session, but its not sure as the Asia market as a whole opened on the same note. If we talk about Nifty Today, then it needs to trade above 5404 for sentiments to be positive. The support resistance and rangefor trading in Nifty and various Stocksare as follows :-
Indian rupee opens at 55.45/$ versus 55.56/$
Nifty Supports :-
5384 and 5347 with hurdles at 5441 and 5461.
Bank Nifty Trading Levels :
Pivot-10436,S1-10387 S2-10305, S3-10257,R1-10518,R2-10567,R3-10649.
Nifty Futures 
Target : 5600-5630 ; stop loss : 5341
World Market Updates:-
The US Markets last closed negative. 
  • DowJones was at 13,204, down 0.5%; Nasdaq at 3,067, down 0.3% and S&P at 1,413, down 0.3%
The European Markets closed positive. 
  • FTSE was at 5,858, up 0.6%; CAC at 3,513, up 0.9% and DAX at 7,089, up 0.8%.

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