INTRADAY STOCK TIPS FOR TODAY: Stock Market View |Nifty Trend Tomorrow 18 May 2012

Thursday, May 17, 2012

Stock Market View |Nifty Trend Tomorrow 18 May 2012

Stock Market View :- Stock market lost its morning gains in afternoon session.Due to european market and weak rupees investor did not do the trading and keep the distance from the market.And closed its trading session at neutral note at green zone.

Nifty Trend Tomorrow :- Nifty has resistance level at 4930 if nifty able to break this level then next resistance level would be 5056.Nifty has support at 4804 if this will break then next support level would be 4677.

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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."