INTRADAY STOCK TIPS FOR TODAY: Nifty Trend | Nifty Tips for today 24 May

Tuesday, May 24, 2011

Nifty Trend | Nifty Tips for today 24 May | Nifty Levels

Nifty has 5342 support level

and 5470-5580 resistance level.

Ans Sensex has 17834 support level

and 18250 resistance level.

CNX Nifty technical level is 5,200 to 5,700 points for May 2011.
BSE Sensex technical level is 17,000 to 19,000 points for May 2011.

World market trend is low today so play very carefully.After Petrol price hike, Diesel and LPG Gas cylinder prices also considering to hike, focus on oil and gas stocks.

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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."