Nifty may face resistance near 5120, 5135, 5150, 5170, 5185 and may take support near 5090, 5080, 5065, 5050, 5025, 5010. Today on higher side, If Nifty faces resistance to move above and stay above 5135-5150 levels, it may surrender its gains and fall to lower levels. On lower side, if Nifty takes support near 5090-5065 on any intra day decline, again it may bounce back and move in upward direction.
INTRADAY STOCK TIPS
TATA STEEL :: If this stock opens at lower levels and starts moving in upward direction, buy this stock near 540, 538 on evidence of support and bounce back for targets of 545, 550 by maintaining stop loss at 534. If this stock opens at higher levels and starts moving in upward direction, you can also buy this stock above 550 for targets of 555, 560 by maintaining stop loss at 540.
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Posted by
Dharmik Patwa
Tuesday, December 15, 2009
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