Intraday Stock Tips|Nifty Levels Today 5 August:
Yesterday Both big benchmarks NSE BSE closed with significant lossess. Today also Nifty & Sensex are indicating a negative start in the pre opening trade.
Trading Strategy: Experts says, the next couple of weeks are looking uncertain and those with long positions should exit them and be on the sidelines.
Top NSE Gainers: Bharat Petrolium, GAIL, Reliance Infra, Reliance Communications, Hero MotoCorp Ltd.
Nifty Technical Outlook:
Nifty Intraday (Spot) Trend, Tips & Levels- Last closing of Nifty was at 5331 points and it is predicted that it will be in negative trend today.
Resistance : Its first resistance level is at 5367 and above this level it could test the resistance level near the 5425 points.
Support : Its first support level is at 5305 and below this level it could have support level near 5250 points.
Intraday Stock Tips with Market Trading Strategy:
As the markets have started on a negative note it is predicted that be cautious in long term trading because it is looking uncertain.
Hot Stocks Today:State Bank Of Mysore, Jyothi Labs. , Cox & Kings, Tata Steel, JSW Steel, BHEL, Tata Tele, Uflex, Onmobile, JBF Industries, L & T, Coal India , Delta Corp , Dhanlaxmi Bank , Gujarat Fluorochemicals, Syndicate Bank, Hindustan Motor, GVK Power & Infra, Deccan Chronicle , Gitanjali Gems.
Piramal Healthcare-
SELL- 380 with a STOP LOSS- 384 and TARGET- 372.
Educomp Solutions-
BUY- 328 with a STOP LOSS- 324 and a TARGET- 336.
Hindalco-
SELL Below- 159 with a STOP LOSS- 162 and TARGET1- 156 TARGET- 153
Sensex bounced exactly from the level of 16990, I had mentioned that sensex could hit 16969, sensex bounced exactly from 16990.
ReplyDeleteAugust will be volatile month and will see turbulent markets, the present correction would end in September, when markets take off in a big way.
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