INTRADAY STOCK TIPS FOR TODAY: Nifty for 31st May

Monday, May 31, 2010

Nifty for 31st May

Nifty levels for 31st May

We have been seeing gain in nifty since last three days. Today nifty has started from flat note. The support may be 5000 and at the upside the resistance for today's nifty market may be 5080. The level of 5000 will act as the strongest support for the nifty.

Stock Market Calls for 31ST-May-2010

Buy Rural Electrification Corporation Ltd. above Rs 286 SL Rs 277 TGT 289.5, 294

Buy Apollo Tyres above Rs 71 SL Rs 66.50 TGT 78, 80

Buy Patni Computer Systems Ltd. above Rs 552 SL Rs 546 TGT 557, 566

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	Nifty Futures		Options
	Bullion MCX		Agri NCDEX

PR Activities

CapitalVia Global Research Head of Research Vivek Gupta said: "The good thing to cheer for the investors is that now they own a stake in the company which is much more clean in all the aspects and is amongst the top-five IT companies." Via moneycontrol.com Commenting on the outlook, the broking firm CapitalVia Global Research said, "Next week, if gold sustains above the level of 26,430 then by breaking the level of 26,890, it may touch the level of 27,250. But if it fails to sustain above 26,430 then may touch the level of then it may test the level of 25,311/25,200. For silver 42,800 may act as good resistance. For the next week, traders can sell on higher level strategy, if MCX Silver September futures sustains below 41,080 then it could test the levels of 40,340/ 39,900." Via myiris.com Vivek Gupta, head of research, CapitalVia Global Research said, "Technically, Nifty is likely to consolidate in the upcoming session and remain bullishly poised. Major resistance for upside is 6,080 with the crossing of which 6,150 can be touched. For downside, major support is at the level of 5,850 and 5,750."