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Monday, September 26, 2011

Intraday Stock Tips Today 26 September

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Today markets may start on positive to flat note as pre-opening session is indicating a positive start today. The SGX Nifty is at 4832, down 33 points. 
On Friday both big benchmarks NSE BSE closed on a negative note by losing 1.10% approx.
As Nifty is again showing down trend the best trading strategy would be to sell on rise. Important supprt for Nifty is expected near 4720 levels and it is advised to consider 4720 as strict stop loss.

Support & Resistance of Nifty (Spot) Intraday: Last closing of Nifty was at 4865 level and it is predicted that it will again in down trend today.
Resistance : Its first resistance level is seen near 4880 and above this level it could test the resistance level near the 4935 points.
Support : Its first support level is at 4830 and below this level it could have support level near 4770 points. 

Stocks in News Today: Tech Mahindra, Kirlosker Oil Engines,Tata Power, Maruti, Innoventive Industries, Cummins India, Wipro, Ultratech, GAIL, NMDC.

Intraday Stock Tips Today: 
1. Cipla
Buy Above Rs 284 with Target1 of Rs 288 Target2 of Rs 290.50 and Stop Loss Rs 281.5.

2. Bombay Dyeing and Manufacturing Company
Buy Above Rs 355 with Target1 of Rs 360 Target2 of Rs 363 and Stop Loss Rs 352.

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