Monday, May 7, 2012

Nifty Strategy | Intraday Tips Today 7 May 2012

Nifty Strategy For today :- Today Nifty has weak sentiments.If nifty breaches 5146 and stays above at least 5116 with good volume then nifty trend is becoming 'strong' and may see 5176 and 5236.if nifty breaches 5028 and stays below 5058 then nifty trend is to be 'weak'.then expected lower targets are 4985 and 4950.Today the broad range of nifty trading will be 5000-5210. 
Intraday Tips Today :-  Buy niittech above 260 first target 263 second target 267 stop loss 256. 
Sell GRASIM INDUSTRIES below 2414 with stop loss of 2432 for target of 2390. 
Sell FINANCIAL TECH. below 612 with stop loss of 626 for target of 600. 
Sell PANTALOON RETAIL below 159 with stop loss of 167 for target of 154.