NSE Nifty Range,Intraday Tips For Today 4 May

NSE BSE Intraday Stock Tips Today, Nifty Trend, Range, Levels , Hot Picks, Shares To Buy Sell Today, Friday, 4 May 2012:

Nifty Technical View Today : Today Indian markets are expected to open on a negative note on the back of weak global cues. Nifty is moving in the trading range of 5,135 to 5,386. If Nifty Range is violated by either sides then then the emergence of renewed trend is expected. Therefore, traders are suggested to trade defensively. Intraday support levels are seen near  the mark of 5,154 and 5,100 whereas the resistance levels are seen near 5,217 and 5,260 levels. Keep strict stop loss while taking positions in day trading.

NIFTY : Support==5,154 and 5,100 Resistance==5,217 and 5,260

Stocks To Buy-Sell Today: RIL, Pantaloon Retail, Sesa Goa, Cipla, Idea Cellular, Cairn India.

NSE Intraday Technical Calls For Today :

1) Tata Steel : Sell below- 446.50 Target1-438.50 Target2-435.50 Stop Loss-450.5. 

2) IDBI Bank : Sell below-98.20 Target1-96.20 Target2-95.20 Stop Loss-99.2.

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