Share Tips | Nifty | Bank Nifty Updates-10 May 12

Today Markets have started the trading session on a stronger note. Sensex is at 16580, up 100 points from its previous close, and Nifty is at 5007, up 32 points. Nifty is likely to face resistance at 5,025-5,035, while on the downside it would look to seek support around 4,980 - 4,970 levels.

Bank Nifty is currently trading at Rs 9523.3, up by 118.5 points from its previous close.Bank Nifty closed price was 9404.80.

Intra Day Calls For Today:-

Sell HDIL with a target of Rs 61 and stop loss of Rs 70, the stock is currently trading at Rs 66.95, up 0.8% on the BSE.

Buy Cipla with an intra-day target of Rs 340 and stop loss of Rs 315, the stock is currently trading at Rs 329.35, up 2.1% on the BSE.

Sell Educomp Solutions with a target of Rs 158 and stop loss of Rs 172,the stock is currently trading at Rs 168.10, up 1.5% on the BSE.

Intra Day Calls For Today 04 May 12

Today market is open in negative side. The Sensex is trading at 17075, down 76 points from its previous close, and Nifty is at 5166, down 22 points. Nifty strong resistance around 5,200-5,210 and support around 5,175-5,165.Today Bank Nifty opened at 10177.65 with down fall 128.95 points or 1.25%.

Intra-day Calls For Today

Sell Kotak Mahindra Bank with a target of Rs 550 and stop loss of Rs 593

Sell Bata India with a target of Rs 830 and stop loss of Rs 880

Buy Wockhardt with a target of Rs 752 and stop loss of Rs 723