Wednesday, May 11, 2011

12/05/2011 Intraday Trading Ideas

Nifty is moving between 5500-5600 for past 3 days and is not making any decisive move .
5530 will act as a support for today.

Levels for Today

Support 5553 , 5540 , 5530 , 5500
Resistance 5576 , 5590 , 5603 , 5614

Buy TATAMOTOR at 1201 with stop loss of 1289 for the target of 1224 , 1237
Buy UNITECH at 35.8 with stop loss of 34.9 for the target of 36.9 , 37.5
Buy MoserBaer at 43.4 with stop loss of 42.7 for the target of 44.7 , 45.5

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