Free Nifty Tips for 20 Oct, Nifty Futures Tips 20 Oct, Stock Tips for today 20 Oct :
Sell Nifty Future at 5098 5100 Stop Loss 5112 trgt 5079 5061 5043
Nifty
Last close:
Bias: Positive
The short-term trend for the Nifty has turned bullish as the short-term (20-day) daily moving average has crossed the medium-term (50-day) moving average. If the global cues are positive then the Nifty is likely to test the higher end of the trading band around 5,200. For the bullish momentum to continue, the index will have to sustain above 5,140. Negative global cues can put downward pressure, with the likelihood of the index re-testing the 5,000-level.
IDBI
Last close: Rs 107
Target: Rs 102
IDBI has been facing resistance around its 50-day Daily Moving Average for the last few days. The stock has resistance around Rs 107, above which it could face fresh hurdle around Rs 109. On the downside, the stock is likely to test Rs 102.
Idea
Last close: Rs 94
Target: Rs 90
The downtrend in Idea seems to be getting stronger. The stock is likely to face considerable resistance around Rs 96. On the downside, the stock is likely to test Rs 90 soon, and a further fall to Rs 85 level looks likely at the counter.
SAIL
Last close: Rs 107
Target: Rs 112
Tuesday's low of Rs 103 seems to be very crucial for SAIL going ahead. As long as Rs 103 is held, the stock can look to break-out on the higher side. Once the stock stabilises above Rs 108, the stock can spurt to Rs 112.
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