STOCKS TO BUY TOMORROW 11 May 2012

The markets closed with moderate losses today with metal, auto and power being the worst performers. Banking, IT and realty, too, closed negative and oil & gas and consumer durables were the only two sectors that closed positive. The Sensex closed at 16420, down 60 points from its previous close, and the Nifty shut shop at 4966, down 9 points. The CNX Midcap index was up 0.11% while the BSE Smallcap index lost 0.24% in today's trade. The market breadth was negative with advances at 597 against declines of 839 on the NSE. The top Nifty gainers were Cairn India, IDFC, BPCL and Axis Bank while the biggest losers included Maruti Suzuki,Jindal Steel, Ranbaxy and PNB

 NIFTY OUTLOOK FOR 11 May 2012 
Pivot Level = 5022 , Support1 = 4895, Support2 = 4824, Support3 = 4697, Resistance1 = 5093, Resistance2 = 5220 , Resistance3 = 5291

 INTRADAY TRADING CALLS FOR TOMORROW 11 May