INTRADAY STOCK TIPS FOR TODAY: Stock market Trend | stock calls Tomorrow 8 May 2012

Monday, May 7, 2012

Stock market Trend | stock calls Tomorrow 8 May 2012

Stock market trend tomorrow :- The most wanted boost is done after the Finance minister GAAR (General Anti-Avoidance Rule) provisions today and both stock market indices closed with significant gains.After the GAAR announcement nifty jumped 100 points and closed at 5,114.15, up 27.30 points, It touched an intraday high of 5,124.74 and a low of 4,988.For tomorrow stock market is showing the positive sentiments.

Stock tips for tomorrow 8 may :- Buy dlf above 190.70 stop loss below 188 target 193.50-196.

sell cairn below 320 stop loss above 324 target 316-310.

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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."