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May 16 2012

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16 MAY: TODAY STOCK MARKET & BULLION

16 MAY: BEARISH OPENING. VOLATILE BUT RECOVERY FROM LOWER LEVEL IN 2ND HALF ( SHARP RECOVERY ALSO POSSIBLE IN BANK SECTOR). TOMORROW POSITIVE. NIFTY BELOW 4930-4910-4880 BELOW 4860-4820 BUY AT AROUND 4880-4900 TGT 4970-5030 TILL TOMORROW.

BUY: BPCL, HIND PETRO, CAIRN, RCF, CHAMBLE FERT. GLENMARK PHARMA, GODREJ CONSUMER, BUY ALSO LOWER LEVEL AXIS BANK AROUND 940 WITH S/L , CORPORATION BANK, PRIME FOCUS, REL CAPITAL…

SELL: TATA MOTOR, UNITECH, SUZLON, ORCHID CHEM….

BULLION: GOLD, SILVER & COPPER VOLATILE TO BEARISH BUT RECOVERY START FOR ?? DAYS WHEN?? WEAKNESS CONTINUEIN CRUDE OIL BELOW 5145 TGT 4980-4950-4900 ( BELOW $94-92-90 IF BREAK $90 THEN GO $ 86. ( UP DATE 08.55 HRS. 16 MAY 2012)

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Permanent link to this article: http://rajeevprakash.com/2012/05/16/16-may-today-stock-market-bullion/

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