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Wednesday, August 29, 2012

Intraday Trading Calls & Intraday Nifty Tips For Today-29 August 12

On wednesday morning the Sensex opened on a flat-to-positive note led by gains in Tata Power, GAIL and Sun Pharmaceuticals. The market is projected likely to turn choppy ahead of August series expiry and rangebound Asian peers. The Sensex was at 17,634.07, up 2.36 points or 0.01 per cent and the Nifty was at 5,338.85, up 4.25 points or 0.08 percent.

Intraday Nifty Tips
Nifty Support and Resistance Levels:-
Pivot Level = 5344
Support1 = 5322,  Resistance1 = 5367
Support2 = 5298,  Resistance2 = 5388
Support3 = 5277,  Resistance3 = 5412

BankNifty Support and Resistance Levels:-

Pivot Level = 10102
Support1 = 10027,  Resistance1 = 10164
Support2 = 9965,  Resistance2 = 10239
Support3 = 9890,  Resistance3 = 10301

Intraday Trading Calls-29 August 12
SELL  Housing Development and Infrastructure Ltd., Med Term Target 54, Stop Loss 75
SELL Manappuram Finance Ltd., Intraday Target 34   Stop Loss 37
BUY  Aditya Birla Nuvo Ltd. Intraday Target 820  Stop Loss 768
SELL Tata Motors Ltd., Intraday Target 212, Stop Loss 225