INTRADAY STOCK TIPS FOR TODAY: nifty market trend for today

Thursday, May 19, 2011

Nifty Tips,Technical View,Support and Resistance Level For 19 May 2011

Today, 5450 is the crucial intraday level for Nifty.

If Nifty sustains below 5450, then it could test5400 and below that level it could test 5350.

Instead, if Nifty trades above 5450, then it could test 5520.

Short term Technical View of Nifty

For the short term, the level 5550 is crucial. If it sustains below this level, then it is likely to test 4700. Instead, if it trades above 5550, then it is likely to test 5930.

NIFTY FUTURE INTRADAY TIPS:

Sell Nifty Future Around : 5465

Stop Loss : 5500

Target at : 5380 For Intraday

Nifty Intraday Trend Support and Resistance Level

Trend Down

Support 1 : 5365

Support 2 : 5300

Last Closing: 5420

Resistance 1 :5485

Resistance 2 : 5545

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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."