INTRADAY STOCK TIPS FOR TODAY: Nifty for Today

Friday, May 21, 2010

Nifty for Today

Technically the market is till weak and any up moves would be a selling opportunities. Today Nifty can touch futures. The target for futures is 4945. Most important level for short is 5010. I recommend traders go for short for the nifty market. Today market Bharti, Ambuja cement, gail seems to be up in the market and ONGC, NTPC, Wipro, Hindelco seems to be down in the Market.

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	Stock Cash		Stock Futures
	Nifty Futures		Options
	Bullion MCX		Agri NCDEX

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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."