Nifty Tips For wednesday

Tags : Stock Tips, Nifty Tips, commodity tips

Industry : Equity Research/Analytics
Functional Area : Equities

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Nifty witnessed the huge correction today and made the closing below 4950. As I had already mentioned in our previous report that one could go for sell on rise in nifty future until it made closing above 5110. Now the nifty can witness more strong correction from the current levels. I recommend short position in Nifty future for the targets of 4700. In the upside 5100 to 5110 is the resistance zone for Nifty future in short term.

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Nifty Tips For tomorrow

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Nifty is in upside consolidation phase and facing the resistance at the level of 5150. Today made the closing below 5100 might witness some correction from here and could touch the level of 5045. In the downside the key support base is seems to be at the level of 4990 to 5000.I recommend sell on highs in nifty future until it close above 5150 for intraday. Ref- Nifty Tips Blog

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Commodity calls for today 5th May

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GOLD (JUN):TREND Bullish R 2 22750 R 1 22300 S 1 21750 S 2 21450 STRATEGY Buy on dips SILVER (JUL):TREND Bullish R 2 66700 R 1 62800 S 1 57500 S 2 55700 STRATEGY Buy on dips Commodity : GOld , Silver, Nickel, Lead, Zinc, Crude oil, Natural gas calls 5th may Source: http://niftyfuture-tips.blogspot.com

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