Intraday Stock Tips for Today 07 May 2012

Nifty intraday support placed at 5,070 - 5,055 - 5,030 levels and resistance placed at 5,105 - 5,121 - 5,145 levels.

Buy ACC May Futures in the range of Rs  1,209 - 1,213 for the target price of Rs 1,220 - 1,230 with a stop loss placed at Rs 1,195.

Sell Steel Authority Of India (SAIL) below of Rs 93.50 with target of Rs 91.50 - 90.50 lower and stop loss Rs 94.5.

Buy Lupin above Rs 557 with target of Rs 565 - 569 higher and stop loss Rs 553.

Buy Cipla above Rs. 330 for the target price of Rs. 335-339 with stop loss Rs. 326.

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