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Thursday, August 23, 2012

NSE Nifty Today~Intraday Tips Today~Live Market Updates 23 August

NIFTY OUTLOOK : Today, Asian stocks advance on mounting stimulus hopes.  Asian markets are mixed even as HSBC’s China ‘flash’ PMI has fallen to a nine-month low. The Finance Minister has favoured up to 49% FDI in insurance and pension sectors. This is not good news for the markets, as the recent rally was driven by optimism of material progress on reforms.  MERC puts 300 units cap for switchover from R-Inf. HM launches Mitsubishi dealership in Amritsar. Everonn to buy out Centum Learning. Bank strike enters second day; services remain paralysed.
Results Today: Gillette India, HCL Infosystems, Navneet Publications, Procter & Gamble and Shree Cement.

NSE NIFTY LEVELS: Res2- 5,446.37 Res1- 5,430.58 Pivot- 5,417.57 Sup1- 5,401.78 Sup2: 5,372.98
BANKNIFTY LEVELS TODAY: Res2- 10,603.57 Res1- 10,541.48 Pivot- 10,471.62 Sup1- 10,409.53 Sup2- 10,277.58

NSE INTRADAY STOCK TIPS FOR TODAY:
BF Utilities : Buy for target of Rs 456-460  with stop loss of Rs 434.
Coal India : Buy for target of Rs 370 with stop loss of Rs 349.

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