Nifty News Today 29 Oct. 2012

The Nifty has immediate support placed at 5,630 - 5,620 levels and a break below 5,630 is likely to make the correction a bit deeper to levels of 5,550 - 5,540. In the last trading session of the week Nifty managed to take resistance of its 9 and 26 period moving averages, trading above its moving averages and resistance level of 5,760 may take Nifty till 5,800 marks.
           The Nifty has immediate support placed at 5,630 - 5,620 levels and a break below 5,630 is likely to make the correction a bit deeper to levels of 5,550 - 5,540. In the last trading session of the week Nifty managed to take resistance of its 9 and 26 period moving averages, trading above its moving averages and resistance level of 5,760 may take Nifty till 5,800 marks.

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Nifty Future Trading Tips for Today

Today,on thursday BSE Sensex slipped over 100 points in early trade led by losses in L&T,RIL and HDFC. The Nifty is trading at Rs 5,566, down 0.60 percent. It touched an intraday high of 5,567.95 and a low of 5,534.90 and Sensex touched intraday high of 18,406.14 and a low of 18,291.93.

Nifty Tips For Today
Resistance 5610-5650
Support  5500-5460

Nifty Future Trading Tips
Buy at above: 5587 Targets: 5603 - 5622 Stoploss : 5568

Intraday Trading Tips For Today

BUY Bajaj Hindustan Ltd target Rs 35 stoploss Rs 30

SELL Delta Corp Ltd Target Rs 63, stoploss Rs 75

BUY Shree Renuka Sugars Ltd, Target Rs 39, stoploss Rs 33.90

BUY State Trading Corporation Of India Ltd. Intraday Target 269 Stop Loss 258

BUY Finolex Cables Ltd. Intraday Target 43 StopLoss 35

SELL Ranbaxy Laboratories Ltd. Intraday Target 517.8 StopLoss 534.9

 for more log on to : online trader

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