NOTE:- Trade In Nifty Today | Upper Trend | Buy on Dip

The Nifty future shut shop at 5604.10 gaining 55.05 points or 0.99 percent. Nifty

 future increased 30,23,550 shares in open interest, and came to premium of 3.65

from premium of 3.75, whereas cost of carry is +23.79 vs. +12.34, up 92.79

percent. On the options front the OI PCR has ended at 1.55 vs. 1.52 whereas the

Volume PCR at 1.10 vs. 1.08. On the Volatility Front the Indian Volatility Index has ended at 19.46% vs. 19.49% losing 0.15%.

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Market Fall Down Due To Release IIP Data 10 jun 11
Dur To release  of IIP Data most of the stocks relay down which make the take the market in negative condition.
IIP(Index of Industrial Production) is
a measurement which represents the status of production in the industrial sector for a given period of time compared to a reference period of time. IIP number is one of the best statistical data, which helps us to measure the level of industrial activity in Indian economy.  IIP data is a very important indicator to the Government for planning purposes and is also used by various organisations like Industrial Associations, Research Institutes, Financial Institutes and Academicians.


MCX Commodity Tips Click here

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Shree Renuka Sugars Ltd.
CMP : 70.05
Buy above 70.40 for Tgt of Rs 71--71.60--72.25 and SL of Rs 68.80.

RESISTANCE: first resistance close to the level of 5425 & above this level  5505
SUPPORT:  first support close to the level of 5310 & below this level  5230

Nifty is expected to consolidate in a range of 5,250 to 5,550. Indian Markets are likely to be volatile for coming trading sessions. I would suggest, you should be buying when the stock market falls and selling when it is at very high levels.

For Nifty Tomorrow the major support is there at 5,308 below further downside. On the other hand, the resistance is there at 5,445 and 5,515.

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Nifty Tips for tomorrow

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