Nifty Tips

Free Nifty Tips, Expert Advice and Equity Calls for Tomorrow (12 May)

The benchmark indices settled at record closing highs for the second straight session, but erased most of intraday gains as investors booked profits in recent outperformers such as Bharti Airtel and Hindustan Unilever, while negative opening in European markets also capped gains. The S&P BSE Sensex ended at 30,250, up 3 points, while the broader Nifty50 closed at 9,422, up 15 points. In intraday trade, the 30-share Sensex rose as much as 118 points to hit its all-time high of 30,366, while the 50-share index gained 43 points to touch its record high of 9,451.In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap indices pared intraday gains to end flat.

Nifty Trend & Nifty Graph

TREND: BULLISH
RESISTANCE: 9450, 9500
SUPPORT: 9405, 9390
APPROACH: BUY ON DIPS

Free Nifty Tips, Expert Advice and Equity Calls for Tomorrow (12 May)

BUY PPAP ABOVE 340 TARGETS 344, 348, 352 STOPLOSS 336
BUY ADFFOODS ABOVE 304 TARGETS 307,310,313 STOPLOSS 301
BUY CAPLIPOINT ABOVE 466 TARGETS 471,476,481 STOPLOSS 461