INTRADAY STOCK TIPS FOR TODAY: Nifty Outlook For today

Wednesday, May 9, 2012

Nifty Outlook For today | Stock tips 9 May 2012

Nifty outlook for today :- Today nifty has weak trend.Nifty has trading range betwen 5135 to 5500.If nifty breaches 5075 and stays above at least 5037 with good volume then nifty trend is becoming 'strong' and may see 5115 and 5190 in coming sessions. If Nifty breaches 4924 and stays below 4963 then nifty trend is to be 'weak'.Then expected lower targets are 4885 and 4830.

Stock tips today :- Buy dredging corporation above 260 target 263-267 stop loss 256.

Sell EDUCOMP SOL. below 172 with stop loss of 177 for target of 169.

Sell TITAN IND. below 243 with stop loss of 247 for target of 241.

sell CENTRAL BANK below 77 with stop loss of 81 for target of 75.

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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."