INTRADAY STOCK TIPS FOR TODAY: Stock market Outlook | Nifty Range Tomorrwo 30 April 2012

Friday, April 27, 2012

Stock market Outlook | Nifty Range Tomorrwo 30 April 2012

Stock market outlook :- Market started on a positive note on the first day of the May derivative series. Nifty gained further after a positive start and touched the intraday high of 5,223.05 in the early morning session itself.Stock market traded at rangbound session today and booked profit.For Monday sentiments are showing flat to positive trading session.

Nifty range for tomorrow 30 April :- Nifty has the trading range for suport level will be 5168 -5086.And resistance level range will be 5250-5332 for tomorrow.

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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."