Intraday Stock Market Trend Friday 27 May :- My Dear visitor’s, another hectic month as per the F&O expiry is over. And Indian Stock Market is still showing the weakness. Though, today 26th May near the end trading sessions, Spot Nifty and some stocks rallied well in the upward direction, but that does not prove the strong investor’s sentiment towards a positive directions. It has also been noted that in the next cycle, the open interest is lower and the volume has been continuously trending downwards especially in the cash segment. As per my viewpoint, I am not yet confident about the Indian Stock Market’s strong continuous upward trend for the coming days for two basic reasons: 1. Nifty future is still on discount 2. Though Spot Nifty broke the strong resistance level of 5420 today in the upward rally, but it could not sustain at the end. So my visitor’s, let the market rolls and we have to trade cautiously for the expectation of good time by taking enough precaution and saving our hard earned capital.
Intraday Stock Tips For Friday 27 May 2011
Intraday Stock Tips For 27 May :- In the opening bell, Following stocks can be bought as per the market situations. But, buy everything in small quantities and don’t buy anything near and above the strong resistance levels mentioned below in the opening bell and don’t forget to book your profit soonest just after buying. INTRADAY TIPS BY SMS
KAMATHOTEL (Kamat Hotels (India) Ltd.) Strict Stoploss, Strong Resistance –110.65-113.40-118
ACTION PRICE STOP LOSS TARGET- 1 TARGET- 2
BUY AT 102.45 97 105 107.90
HINDOILEXP (Hindustan Oil Exploration Company Ltd.) Strict Stoploss, Strong Resistance –181.65-183
ACTION PRICE STOP LOSS TARGET- 1 TARGET- 2
BUY AT 177.30 173.20 178.30 180.20
Keep GITANJALI On your screen for positive up move tomorrow – 27th May quaretrly results of gitanjali to be declared.
Intraday Nifty Tips For Friday 27 May 2011
Nifty for Tomorrow 27 May :- Tomorrow, 27th May, first of all, Spot Nifty should open and sustain at least above 5412 in the opening bell. Nifty hurdle is at 5425. If Spot Nifty can able to cross 5425 and sustain for some time, then the levels of 5440-5460-5500+ could be seen otherwise, if Spot Nifty could not sustain 5412 in the opening bell, then profit booking can bring the Spot Nifty down sharply up to 5400 level. 5400 is acting as a strong and sentimental support and below that market will start showing the weakness. Breaking of 5400 support, spot nifty will sharply going down to 5380-5370-5350 levels. Breaking of 5350 level panic selling will start and the spot nifty can collapse up to 5330-5300 levels. Daily Nifty Technical View
Nifty Intraday Levels For 27 May 2011
SUPPORT 1 SUPPORT 2 RESISTANCE 1 RESISTANCE 2
5372 5331 5438 5463
Nifty Future Intraday Levels For 27 May 2011
SUPPORT 1 SUPPORT 2 RESISTANCE 1 RESISTANCE 2
5357 5324 5416 5442
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