INTRADAY STOCK TIPS FOR TODAY: Nifty Updates And Intraday Calls For tomorrow 11 April

Tuesday, April 10, 2012

Nifty Updates And Intraday Calls For tomorrow 11 April

Nifty Trend:-Nifty ended a volatile session on a flat-to-positive note as investors remained on sidelines due to lack of cues from global peers. The key issue which is troubling the market today is GAAR provisions and implementation and applicability. Traders showed interest in the counters of brokerage firms in the last minutes of trade and paper and rice related stocks, too, gained significantly.
Nifty Support and Resistance level:-
Support -5234 |5183
Resistance -5285| 5336 Pivot Level-5256.
Intraday Calls For tomorrow:-BUY Reliance Communications Ltd. Short Term Target 98 Stop Loss 82. For more intraday tips for 11 April 2012,nifty trend,stock calls,stock market trend,nifty tips Click >> INTRADAY TIPS TODAY

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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."