INTRADAY STOCK TIPS FOR TODAY: Nifty strategy Today

Monday, May 21, 2012

Nifty strategy Today | Stock calls 21 May 2012

Nifty Strategy For Today :- Nifty trading is expected between the broad levels of 4750-4990. If the market breaches the level of 4950 on the upper side then the next resistance level will be 4990. But if nifty breaches the support level of 4825 then it may go down till the level of 4750.Today Market open at positive note.

Stock calls For today :- Buy reliance industries at 688, target---694--699--708---713 keep stoploss 677.90.

Buy itc at 237, target----243--247---250--254 keep stoploss 230

Buy IDFC above 119 for target of 121 with stop loss of 116.

Sell BEML below 470 for target of 462 with stop loss of 477.

>> FILL THE FORM <<

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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."