INTRADAY STOCK TIPS FOR TODAY: Intraday calls | Nifty Strategy for today 10 may 2012

Thursday, May 10, 2012

Intraday calls | Nifty Strategy for today 10 may 2012

Nifty strategy today :- Today nifty have weak trend.if nifty breaches 5008 and stays above at least 4991 with good volume then nifty trend is becoming 'strong' and may see 5025 and 5060. if nifty breaches 4942 and stays below 4959 then nifty trend is to be 'weak'.then expected lower targets are 4925 and 4900.today nifty is going to trade between the broad range of 4920-5040.
Intraday calls for today :- intraday call BUY Reliance Inds. target 710 stop loss 688

Buy ranbaxy targets are 519,525. Stop loss 506

Buy EMAMI LTD. Buy above 478 for target of 490 with stop loss of 457

Sell ARVIND LTD. Below 76 for target of 72 with stop loss of 81.

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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."