Nifty Trends and Intraday Stock Tips for Today 08 May 2012

For today`s trade, Nifty is likely to trade in the range between 5,170 & 5,240 in upper side and 5,050 & 4,980 in lower side. Intraday support levels are placed at 5,070 and 5,000 whereas the resistance levels are placed at 5,155 and 5,195.

Buy IRB Infrastructure Developers Ltd. at current price for the target price of Rs. 135 with stop loss Rs. 120.

Buy Cholamandalam Investment & Finance Company Ltd. at current price for the target price of Rs. 187 with stop loss Rs. 175.

Buy Bharti Airtel Ltd. above Rs. 317-318 for the target price of Rs. 325-330 with stop loss Rs. 314.

Buy Arvind Ltd. above Rs. 92 for the target price of Rs. 94-98 with stop loss Rs. 90.

Sell Pantaloon Retail (India) Ltd. at current price for the target price of Rs. 157 with stop loss Rs. 164.

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