INTRADAY STOCK TIPS FOR TODAY: Intraday Tips For Today 23 May 2011

Monday, May 23, 2011

Intraday Tips For Today 23 May 2011

2G Spectrum scam goes very seriously, Avoid 2G spectrum scam related companies and telecom stocks.
After Petrol price hike, Diesel and LPG Gas cylinder prices also considering to hike, focus on oil and gas stocks.so avoide these Stocks On intraday basis.

Buy MIC Electronics

CMP : 22.

Stop loss of Rs 20 for the immediate target Rs 25 to 30. Technical tip, not for investment purpose.

Sell Shalimar Paints

Stock trading at Rs 525. Sell if trades above Rs 540

Strict stop loss : Rs 520

Immediate target price is below Rs 480

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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."