Free Intraday Stock Tips

Stock Market Update For Today

Some News Bits

• Nifty ends expiry above 5K; global cues, heavyweights aid
• Nagarjuna Fertilisers Q4 net up 83% at Rs 23cr
• Ambanis to reach gas deal in 2 weeks
• Indian Hotels suffers Rs 137-crore loss in FY10
• Reliance Retail continues to get capital from parent

Some Foreign Bits

• China expresses that it will remain as a long term investor in Europe, leading to a rally in all securities.
• Equities, sovereign bonds and commodities gain.
• The Euro currency too stages a bounce from the four year lows.
• More European countries plan or authorise more budget cuts.
• Optimism prevails in all the markets, at least for the day.

The updated spreadsheet showing the Momentum Signal as on the close of  27th May 2010, is given below.

Nifty Levels
Resistance: If Nifty trade above 5025 then it can show resistance upto 5050 – 5075 – 5095
Support: If Nifty trade below 5000 then we can see support at 4970 – 4955 – 4835 levels

Intraday Calls :

CENTURYTEX
Buy Above 438         
Target: 445-452   
Stoploss: 433

STER :
Buy above 647
sl 641
Targets 655,661

Or if trades below 627
Short STER
SL 633
Targets 619,613

M&M
Buy above 536
sl 530
Targets 545,551

Or if trades below 518
Short M&M
SL 524
Targets 509,503

BPCL
Buy above 571
sl 565
Targets 579,585

Or if trades below 556
Short BPCL
SL 562
Targets 508,502

 

 

Tags: daily market report, Day Trading Alerts, day trading calls, intraday stock calls, intraday tips, nifty, nifty signals, stock calls, Stock tips

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