Nifty Trading Trend for 24th June,2014 An exclusive report by Sharetipsinfo.com
Stock Market Outlook on 24th June 2014
FII & DIIs Activity FIIs sold Rs 214.49 cr in cash while DIIs were net buyer to the tune of Rs 117.43 cr.
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Stock Market on 24th June 2014 US Stock closed on flat note, NASDAQ closed 0.10% up while Dow closed 0.06% down and S&P closed 0.01% down .Europe too traded in negative territory on Monday, DAX closed down 0.66%, CAC closed 0.57% down and FTSE closed 0.36% down. SGX Nifty trading 22 point up at 8 PM.
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Stock Market on 24th June 2014 Indian share market is expected to open on positive note. Sustaining at higher level is crucial. We expect selling pressure will mount at the higher level. A range bound trading for the market.
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Technical Chances are we are going to see a recovery. Sharp recovery from lower level yesterday with huge volume suggests market will show some upside today.
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Strong Nifty Support and Resistance
ďƒź Support for Nifty: 7440-7460 ďƒź Resistance for Nifty: 7550-7565
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Fundamental Pick/ Technical Call Fundamental Pick of the Day: Buy Asahi India Target Rs 80 Technical Call of the Day: Buy Adani Port Target Rs 245 , S/L 233 Buy Idea Cellular Target Rs 143, S/L 136.5
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