Intraday outlook of Nifty & Bank Nifty for April 12, 2010

 

Nifty Overview

Today Overall Trend looking weak.

Buy Nifty only above 5380 with stop loss of 5370

Sell Nifty Below 5373 with stop loss of 5380

(Below 5360 nifty may not be looking good for holding long intraday)

Bank Nifty

Bank nifty today trend is also looking weak.

Buy Bank Nifty above 9665 with stop loss of 9655

Sell Bank Nifty below 9655 with stop loss of 9670

(Below 9640 bank nifty also not looking good to hold long)

 

Stock:-

BHEL    : - Bhel today looking good only above 2580

Buy Bhel above 2580 with stop loss of 2570

Sell Bhel below 2570 with stop loss of 2580

ABAN    : -    Aban Looking good for intraday as long as hold 1258

Buy Aban with stop loss of 1255

Short Below 1258 with stop loss of 1263