INTRADAY STOCK TIPS FOR TODAY: Stock market for today

Thursday, May 27, 2010

Stock market for today

Stock Recommendation for 27th-May-2010

Today Nifty has managed level 4942 now we can see more upside movements in nifty and if nifty breaks the level 4900 then profit booking may follow in the market. The nifty resistance may 5020 and it may take the levels of 5080 to 5090. The nifty support levels for the downside closing below 4770 to 4780. Today nifty started with the mid volatility in Indian market. Traders could go for sell in today's market.

Some stock market calls for today:

Buy Pidilite above 113 SL 109 TGT 120, 122.5
Buy Whirlpool above 263 SL 250 TGT 270, 275.45

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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."