INTRADAY STOCK TIPS FOR TODAY: Indian Intraday tips today 22 may 2012

Tuesday, May 22, 2012

Indian Intraday tips today 22 may 2012

Indian market today :- Indian Intraday stock market open at positive note both stock market indices trading at green zone.Indain rupee also showing pull back from the record low.Currently nifty and sensex start ita trading session on positive note.

Indian Intraday tips For today :- Buy GODREJ IND. above 247.50 for target of 252 with stop loss of 243.50

Buy SHALIMAR PAINTS above 450 for target of 460 with stop loss of 438.

Sell bharti airtel around 300---target---292--286--283 keep stoploss --304

BUY J & K Bank target 930 stop loss 887

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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."