Intraday Tips Market Trend
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Nifty Trend Today & Intraday Tips positional stock advice


Nifty Trend Today
Nifty Trend Today :- Nifty was range bound within 35 points on Wednesday. Nifty strive to break the circle but could not succeed. But now Nifty is expected to go up with support of the Bank Nifty.
Technically Nifty is likely to remain in the range of 5380-5365. If Nifty did not receive support from Bank Nifty, It is expected to pick up less. If It did not get support from other sector index Nifty may see correction.
Intraday Tips / Positional Stock advice for today 23 August 12
Heritage Foods Buy for 1 to 2 Days, Stoploss - Rs 249, Target – 264.
Opto Circuits Sell for 1 to 2 Days, Target - 132.6 stoploss - Rs 141.
Indian Market opening up despite of not being clear signal to International Markets. BSE Sensex gained 9 points at 17856 and Nifty higher 13 points to open at 5426.
Metal shares are up 1%. Wipro, Jindal Steel, Bank of Baroda, Cairn India, Hindalco, HDFC Bank, Tata Steel, Cipla, Ranbaxy, Sesa Goa, Sun Pharma are strong by 1.75 to 1%.
Ambuja Cements, Tata Motors, ACC, BPCL, Bajaj Auto, M & M, Power Grid, ONGC has fallen from 0.75 to 0.25%.
Asian markets has seen growing shopping. Shanghai Composite is in red due to poor August PMI figures from China. Nikkei and Taiwan indices are sluggish. Hang Seng is stronger by 1%. Kospi, Straits Times and Singapore Nifty are faster.
U.S. Markets saw well recovery on Wednesday due to showed signs of U.S. Federal Reserve released bailout package. Nasdaq Composite and S & P 500 index closed in green. However Dow Jones decline.
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Intraday Tips Updated at: 10:44 AM
 
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