INTRADAY STOCK TIPS FOR TODAY: Intraday stock tips Today |Nifty strategy

Tuesday, May 15, 2012

Intraday stock tips Today |Nifty strategy

Nifty Strategy for today :- Nifty is going to trade between the broad levels of 4830-4990.Today nifty have bear trading session and start its trading at flat to negative bias.

Intraday stock tips Today :- SELL CAIRN INDIA below 300-301 for target of 295-292 with stop loss of 301.25.

SELL ONGC at 251-251.75 for target of 246-244 with stop loss of 252.75.

SELL TATA POWER at 93-34 for the target of 90.50 with stop loss o f 94.25.

BUY BERGER PAINT above 135.50 For the target of 137- 140 and Stop Loss of 133.

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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."