Nifty Shows Positive Sign, Technical Views For Tomorrow


Looking at the daily Nifty Reports and charts Nifty has tested the crucial level of 5,500 and owing to good buying, which is a very positive indication for Indian markets. Because of  good buying in heavyweight indices, Nifty successfully closed above the vital 9 & 14 day`s SMA placed at 5,464 & 5,468 and surpassed 50 and 100 day`s SMA placed at 5,402 and 5,270 with a good margin; these levels may act as new supports, in coming sessions.
A closing above 5,500 for Nifty would bring in more strength for a move towards 5,546 and above levels, While the support is there at 5,446 and 5,416 levels.

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Intraday Trading Tips For Tomorrow


Intraday Stock Tips For Fri(03rd, Sept’10)

UCO Bank
Recommendation : Buy above 119
CMP : 118.10
Target : 125-134
Stoploss : 117

Get More Intraday Stock Tips

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Copper prices surge to a new four month high on strong US data.


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Copper prices on Wednesday jumped to touch a new four month peak as the US reported strong manufacturing data for the month of August which showed that factory activity in US rose to 56.3. The red metal prices also took cue from China which reported its purchasing managers index (PMI) soared to 51.7 in the month of August. While the weakening seen in dollar added to the optimism in the markets.

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NIFTY TIPS FOR 2 SEP


http://accurate-sureshot-stock-tips.blogspot.com

NIFTY FUTURE RECOVERED FROM LOWER LEVELS. NIFTY FUTURES MAY OPEN AND TRADE IN POSITIVE ZONE DUE TO GLOBAL SENTIMENTS. IF IT IS TRADES ABOVE 5500 SHORT SELLERS MAY TURN PANIC AND COVER THEIR SHORTS. FOR TODAY NIFTY FUTURE WILL TAKE SUPPORT AT 5455 AND MAY RALLY UPTO 5500-5540, BELOW 5455 MAY SLIDE UP TO 5430 TO 5380.

NIFTY-50 INTRADAY CALL:-

Buy 5500 Nifty Call Option at Rs 73 with intra-day target of Rs 81 and stop loss of Rs 69Jackpot Call for 2 september:-

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Buy Ashok Leyland Ltd. above 75 stop loss Rs 72 target 82


<H1>Buy Ashok Leyland Ltd. above 75 stop loss Rs 72 target 82</H1>

BULLISH MARKET TIPS


source: http://stocks-intraday.blogspot.com/
Buy Reliance Natural Resources Ltd. above 38.40 stop loss Rs 37 target 42

Buy Indiabulls Real Estate Ltd. above 176 stop loss Rs 171 target 184

Buy Fortis Healthcare Ltd. above 159 stop loss Rs 154 target 163.65

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Market Outlook For Tomorrow


After two days of profit bookoing today it was a cheerful day for the Indian markets which traded positively and closed with broad gains on the back of buying interest in almost all sectors following supportive global cues. Nifty has made a decent come back near to the previous higher levels and technical it has moved above the middle band of the daily Bollinger Band. It is having a short term upside target(resistance) of 5,493 and 5,505 while it is getting good support at 5,408 levels for intraday tomorrow.

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Spot Gold prices gained around 1% to close at $1247/oz.


Spot Gold prices gained around 1% to close at $1247/oz yesterday. The yellow metal prices touched a five-week high of $1249/oz on Tuesday as uncertainty in the global financial markets attracted demand for the safe-haven investment. Gold prices on the MCX platform gained slightly more than the international prices on the back of deprecation in the Indian Rupee. Spot Rupee closed at 47.07 against the dollar on Tuesday, after touching an intra-day high of 47.15 against the greenback. The SPDR gold trust reported yesterday that its holdings rose to 1,302.508 tonnes by Aug. 31 against 1,298.556 tonnes as of Aug. 30th.

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