Nifty Outlook ~ Intraday Share Tips for Tomorrow 27 March 2012

Nifty today closed near to the crucial support of 5162 and if it fail to stay above this level then we may see Nifty falling towards 5,111 levels while the resistance is there at 5,212, 5,247 and 5,265 levels. We may see a bounce back early in trade tomorrow but overall trend remains weak. In the near term, 5,150 (nifty spot) remains the support and on the upside, 5,385 remains the resistance. For Daily Purpose, Trend deciding level is 5,200. If Nifty shows strength above 5,200 levels, then rally to 5,240/5,300/5,350 may be seen. If Nifty does not show strength above 5,200 levels then selling pressure till 5,150/5,100/5,050 may also be seen.

Hold Yes Bank with a price target of Rs 397 as against the current market price (CMP) of Rs 366.

Buy Allahabad Bank with a price target of Rs 266 as against the current market price (CMP) of Rs 185.

Sell Kingfisher Airlines (KFA) with a price target of Rs 16 as against the current market price (CMP) of Rs 20.75.

Buy Jyothy Laboratories with a price target of Rs 248 as against the current market price (CMP) of Rs 169.

Buy Jet Airways (India) with a price target of Rs 397 as against the current market price (CMP) of Rs 318.9.

Accumulate Oberoi Realty with a price target of Rs 287 as against the current market price (CMP) of Rs 255.

Buy SpiceJet with a price target of Rs 28.3 as against the current market price (CMP) of Rs 23.4.

Buy Vivimed Labs with a price target of Rs 466 as against the current market price (CMP) of Rs 405.