INTRADAY STOCK TIPS FOR TODAY: intraday tips for 26 may

Showing posts with label intraday tips for 26 may. Show all posts

Thursday, May 26, 2011

Intraday Tips for Today 26 may 2011

Buy Patel Engineering On Intraday Basis

Current Market Price at Rs 133.

Stop loss of Rs 110.

Target price is Rs 175 to 200 in one month.Strong fundamental stock to swing trading.

Buy Reliance Communication On the Inraday Basis

Current Market Price at Rs 80.

Stop loss of Rs 70.

Target price is Rs 105 to 120 in two weeks.

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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."