Financial Advisor (Free Newsletter) 18th May 2012 (Friday)
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NIFTY

Intraday Market looks Weak , Upper side will face resistance at 4900. Down side market will face support at 4775. So keep a stop loss of 4900 and stay short. If market starts trading above 4900 then Nifty can test 5000
STOCK OF THE DAY
 M&M

On the verge of breakout Can Sell Below 628
Down side Support at 623.50,620.... Use Stop Loss 631.50.
CHART OF THE DAY
 RELIANCE CAPITAL

Holding at strong support Close watch below 282....

 Visit our site www.fi-advisor.com for complete analysis of RELIANCE CAPITAL in CHART OF THE DAY SECTION
EVERONN EDUCATION

Will have a strong resistance at 226, Downside can
buy around 204 with a s.l of 197
 
RELIANCE INFRA

Moved Down with strong volumes
Further selling expecting use stop loss 455.
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Disclaimer
Stock Trading involves high risks and you can lose a substantial amount of money. The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using the information contained herein are solely responsible for their actions. Information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. The above recommendations are based on the theory of Technical Analysis and do not reflect the fundamental validity of the Scrip.