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Tuesday, April 17, 2012

Intraday Trading Tips>Nifty Range Today 17 April

Intraday NSE BSE Stock Tips,Nifty Trend & Support-Resistance Levels, Shares to Buy Sell, market Trading Trend, Free Trial Tips, Gold Updates Today 17 April: The Indian market opens for trade ahead of the RBI Credit Policy on a soft and quiet note. A rate cut of 25 bps has already been priced and there is a 30% chance of a 50 bps rate cut by the RBI and we do not expect a CRR cut in the RBI Credit Policy to be announced today.

Important Events Today:
  • Monetary Policy Preview and WPI - March 2012
  • Coal India to sign FSAs with low penalty clause
  • 4QFY2012 Result Review – Crisil, MindTree
Nifty Outlook Today : The trend deciding level for the day is 5214 levels. If NIFTY trades above this level during the first half-an-hour of trade then it may rally to 5245 – 5264 levels. However, if NIFTY trades below 5214 levels then it may correct up to 5195 – 5164 levels. 

1) Tata Chemicals : Buy above-351.50 Targets-357.50/360 Stop Loss-83.1

2) Ambuja Cement : Action : Sell below-159 Targets-156/155 Stop Loss-160.5

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