Intraday Share Tips
It was a flat begin for the Indian market at the begin of the new sequence. Asian indices were trading poor. Automobiles and cement stocks will be in focus as companies from these two areas will begin introduction per month product sales data for May 2012 from today.
The rupee recovered from a poor open to gain to above 55 to the money on Saturday, though wider feeling was poor as the money dropped to a two-year low, showing the deterioration money location debt turmoil and frustrating China developing data.
Today the trade is if we see an intraday rally in the Nifty the idea would be to go and sell it because the chances are that higher levels are not going to be sustained. Any sharp dip, not 4,891 where there SGX suggests, but anything 30-40 points below this would be an intraday buying opportunity.
The S&P 500 index fell 6.2% in May, its largest percentage drop since September.
And the other indexes were worse. The Dow's 6.1% drop and Nasdaq's 7.1% loss are their largest monthly declines in two years.
Nifty June Future: Crossover above 4938 it'll surge up to 4961, 4970-4980 & thereafter to 5010. Downward side 4905 a crucial support, keep stop loss of 4881 to your buys. Break below 4881 it'll turn weak & fall down to 4850, 4832-4821 & 4801.
The rupee recovered from a poor open to gain to above 55 to the money on Saturday, though wider feeling was poor as the money dropped to a two-year low, showing the deterioration money location debt turmoil and frustrating China developing data.
Today the trade is if we see an intraday rally in the Nifty the idea would be to go and sell it because the chances are that higher levels are not going to be sustained. Any sharp dip, not 4,891 where there SGX suggests, but anything 30-40 points below this would be an intraday buying opportunity.
The S&P 500 index fell 6.2% in May, its largest percentage drop since September.
And the other indexes were worse. The Dow's 6.1% drop and Nasdaq's 7.1% loss are their largest monthly declines in two years.
Nifty June Future: Crossover above 4938 it'll surge up to 4961, 4970-4980 & thereafter to 5010. Downward side 4905 a crucial support, keep stop loss of 4881 to your buys. Break below 4881 it'll turn weak & fall down to 4850, 4832-4821 & 4801.
