Stock Tips | Nifty Updates | Free Intraday Tips - 22 May 12

The Indian market opens for trade this morning on a positive note. Sensex is trading at 16316, up 132 points from its previous close, and Nifty is at 4946, up 40 points. The market breadth is positive with advances at 568 against declines of 125 on the NSE.

Indian shares are expected to move higher in trade on Tuesday, however, with a negative bias. "If rupee continues to depreciate further, Indian shares will again retest lower levels.

Nifty saw heavy selling pressure at higher levels in yesterday's trade. "For today, Nifty will move with a negative bias and may face resistance at 4950 levels on the upside and may retest 4850 on the downside from current levels.

Free Intraday Tips 22 May 12

Buy Thomas Cook, Stoploss-59.45, Target- 64.45.
Buy Axis at CMP-963.25 SL-958 TGT-973.
Buy Delta Corp, Target-66, Stoploss-59.
Buy Bata India, Target-920, Stoploss-871.
Sell Max India, Stoploss-195, Target-179.
Buy Century Tex at CMP 280.70 SL-275 TGt-288.

Market Trend and Intraday Tips For Today-16 May 12

Weakness has increased in the market and the benchmark indices are trading with huge losses, dragged down by the rate sensitives. Sensex is at 16070, down 257 points from its previous close, and Nifty is at 4866, down 76 points. CNX Midcap index is down 0.9% and BSE Smallcap index is also down 0.9%.

 Intraday Tips For Today 16 May 2012

Buy Sesa Goa, Target – 200, Stop loss – 182.50.

Sell Exide Industries, Target – 112, Stop loss – 120.

Buy kpit above 121.50 target 123-126 stop loss 119.

Sell ADITYA BIRLA NUVO below 803.50 for the target of 795 with stop loss of 815.

Intraday Share Tips For Today

The markets began the trading session on a positive note. The BSE Sensex is currently at 17,409, up 90 points and the Nifty is at 5,273, up 25 points.

Nifty support around 5,225-5,210
Nifty resistance around 5,270-5,285

Buy Jaiprakash Associates with an intra-day target of Rs 79 and stop loss of Rs 73, as against the current market price (CMP) of Rs 74.90.

Buy Tata Motors with a 1-2 week target of Rs 336 and stop loss of Rs 307 as against the current market price (CMP) of Rs 307.20.

Buy ACC May Futures with a target of Rs 1268 and stop loss of Rs 1214, as against the current market price (CMP) of Rs 1244.90.