INTRADAY STOCK TIPS FOR TODAY: Stock market Outlook Tomrrow| Intraday calls 16 may 2012

Tuesday, May 15, 2012

Stock market Outlook Tomrrow| Intraday calls 16 may 2012

stock market outlook for tomorrow :- Stock market break the negative end closing toady after 5 day followed by European market and Indian rupees.Both stock market indices made substantial gains today with capital goods, metal and IT being the lead gainers. Healthcare, banking, infrastructure and fertilizer stocks, too, supported the indices well.fot tomorrwo market is showing flat trading session with some postive bias.

Intraday calls for tomorrwo :- Buy aban above 362 stop loss below 358 for the target of 370-374.

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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."