Markets Today by Brokers

Aarati Krishnan | Updated on June 22, 2011

Angel Broking: The trend deciding level for the day is 17,663/5,285 levels. If Nifty trades above this level during the first half-an-hour of trade, then we may witness a further rally up to 17,822-18,084/5,313-5,351 levels.

However, if Nifty trades below 17,663/5,285 levels for the first half-an-hour of trade then it may correct up to 17,401-17,242/5,248-5,220 levels.

Karvy Stock Broking: The US markets have ended on a positive note; while the Asian indices are trading with positive sentiment. Hence, Nifty is expected to open on a flat note. Trade long if Nifty holds above 5,320 levels with stop loss at 5,300 for targets of 5,350-5,365 levels. Alternatively, trade short if Nifty slips below 5,300 levels with stop loss at 5,320 levels targeting 5,280 and 5,250 levels.

Sushil Finance: We expect markets to open on a positive note, after Greece won a parliamentary confidence vote, boosting expectations that the nation will not default on its sovereign debt. Indices will open gap up, as investors cover their shorts and stock specific action will be seen. Resistance is seen at 5,305 levels and support is seen at 5,252 levels.

Stock to watch: Idea Cellular, ONGC, TCS, Infosys, NMDC.

Data Watch: FOMC announcement, EU industrial orders, ECB meet.

Published on June 22, 2011

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