Saturday, November 5, 2011

Nifty Outlook and Share Tips for next week

Next week will be a shortened week due to two trading holidays. Market is expected to be volatile. International developments will greatly influence the market trend in near future. Downside support exists at 5,235-5,240 and then 5,200. Upside resistance exist at 5,320-5,375-5,400. Outcome of G20 meeting could influence the market trend.

Free Intraday Stock Tips for Next Week:

Hold Fortis Healthcare with a target price of Rs 140 as against the current market price (CMP) of Rs 130.

BGR Energy Systems

Buy in the range of 334-336 levels for a target of 360-370 levels with a closing below stop loss of 319 levels.

IRB Infrastructure Developers

Buy in the range of 165-167 levels for a target of 179-184 levels with a closing below stop loss of 160 levels.

Indian Overseas Bank
Buy in the range of 96-97 levels for a target of 110-115 levels with a closing below stop loss of 91 levels.

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