INTRADAY STOCK TIPS FOR TODAY: Nifty Trend With Stock market tips tomorrow 17 May 2012

Wednesday, May 16, 2012

Nifty Trend With Stock market tips tomorrow 17 May 2012

Stock Market Outlook :- stock market has the deep red closing today all market segment has the red end closing and sensex crashed with 298 points and nifty with 84 points.Metal, auto, consumer durables and capital goods were the worst performers in today's session and IT, power and banking, too, took a severe beating.Market is showing weak setiments for tomorrow.
Stock market tips tomorrwo :- Sell bhel below 208.50 with stop loss above 211 for target of 206-203.

Nifty trading session tomorrow:- SUPPORT LEVELS Support 1: 4840 Support 2: 4810 RESISTANCE LEVELS Resistance 1: 4880 Resistance 2: 4910

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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."