INTRADAY STOCK TIPS FOR TODAY: NSE BSE tips for today

Wednesday, June 2, 2010

NSE BSE tips for today

NIFTY MARKET OVERVIEW

Stock market remain volatile. After sharp sell-off nifty gain and started with the positive note. The nifty market bias for trading is downside today. It recommend to occur short position in nifty. On the downside nifty levels the support may be 4950 and on the upside nifty levels the resistance may be 5030.

STOCK TIPS FOR 2ND-JUNE-2010

Buy Gufic BioSciences Ltd above Rs. 5.85 SL Rs. 5.45 TGT 6, 6.15, 6.26

Buy Balrampur Chini Mills Ltd. above Rs. 80 SL Rs 78.5 TGT Rs.82.5, 85, 86.35

Buy Orient Press Ltd above Rs. 102.25 SL Rs. 98 TGT Rs. 103, 106.35, 110

Buy Fortis Healthcare Ltd. above Rs. 135 SL Rs. 131 TGT Rs. 137.65, 140, 144.45

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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."