An exclusive report by Share Tips Info

Nifty Trading Trendfor 24th June,2014

Market Outlook on 24th June 2014

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FII & DIIs Activity on 24th June 2014

FII & DIIs Activity on 24th June:

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.Indian 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 levelyesterday with huge volume suggests market will show some upside today.

Nifty Support: 7440-7460Nifty Resistance: 7550-7565

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Fundamental Pick/ Technical Call

Fundamental Pick of the Day:1. Buy Asahi India Target Rs 80

Technical Call of the Day:1. Buy Adani Port Target Rs 245 , S/L 2332. Buy Idea Cellular Target Rs 143, S/L 136.5

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