Nifty Outlook & Stock Tips For Today 16 may

Intraday/Delivery Calls, Nifty Outlook, Bank Nifty Tips, Trend, Nifty Range, Support-Resistance Levels, Live NSE BSE Tips, Stock Market Trading Strategy, Hot Multi bagger Picks, Best Stocks To Buy Sell For Today,Wednesday 16 May: 

NIFTY OUTLOOK TODAY 16 May : Nifty closed yesterday at 4,942 points up by 35 points. Trading strategy for traders is to trade with cautious approach and use rally to square up their long position. Nifty has a major hurdle of 4,950-4,975  This is also make or break level for Nifty to move higher. Nifty has support at 4,916 and break below this we can see a decline down to 4,875. Resistance of 4,950-4,975 needs to be sustained for the Nifty to rally towards 5,050 levels.

NIFTY Support== 4,916-4,875 Resistance== 4,950-4,975

INTRADAY STOCK TIPS & DERIVATIVE CALL FOR TODAY 16 May :

1) CESC : Buy above -- 271.20 Targets 276.50 - 278.50 Stop Loss-268.5.

2) Cipla : Buy May Futures between 324-324.50 Targets 328 – 332 Stop Loss- 320.90.

3) Tata Steel : Sell May Futures below 415.50 Targets 408.50 - 403 Stop Loss-420.50.

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