INTRADAY STOCK TIPS FOR TODAY: Intraday Tips Today |stock market strategy 14 May 2012

Monday, May 14, 2012

Intraday Tips Today |stock market strategy 14 May 2012

Stock Market Strategy today :- Today stock market is going to trade between the broad range of 4865-5000.Today market start its trading session on flat to positive note.

Intraday tips today :- Buy Berger Paint above 132 with stop loss of 129 target of 136-40. Sell INDIAN BANK below 178 with stop loss of 175 for target of 184. Sell BHARAT FORGE below 320 with stop loss of 327 for target of 317. Buy Chambal Fertilizer target 72 stop loss 68.25.

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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."