Intraday Tips Market Trend
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Intraday Tips For 23 June 2011

Stock Market Trend For 23 June :- My Dear visitor's now the Market sentiment is very poor and totally uncertain. In a nutshell, the present tendency of the Market is Bearish and most probably going to break the 52w low level of Spot Nifty, that is, 5177. Market may find the ultimate support at 5100-5000 levels. in between, at times low prices of front-line stocks will attract the buyers, but the stability of the market will also last for very short time. Till 30th of June there are very less possibility of the market to recover and ultimate target of spot nifty seen at 5400 maximum up to 5440, but at any case the downtrend will resume for the time being. Now only some june quarterly good corporate results can give a positive trigger of the market. So we have to wait for the next corporate results to be declared, or else until august, when the monsoon session does start, there is the window of opportunity for the government to make any reforms or take tough decisions, make cabinet shuffles and show to the rest of the world at large that they are in control and can take action. So, let us wait and watch and may be that the trigger which could cause a turnaround.
Intraday Stock Tips For 23 June :-
1. LICHSGFIN (LIC Housing Finance Ltd.) Buy for an Intraday target of 217.40-218-220, Strict SL at 214.45
2. UFLEX (Uflex Ltd.) Buy For an Intraday Target of 186-188, Strict SL at 181.10

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Intraday Tips Updated at: 10:27 PM
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