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Monday, August 6, 2012

Nifty Tips, Bank Nifty Tips, Intraday Stock Tips For Today-6 August 12

This morning the Indian market opens for trade on a strong note. On Friday, the US markets ended higher with the Dow up 217 odd points. Sensex was trading at Rs 17374, up 176 points from its previous close, and Nifty is at 5270, up 54 points. After a gap-up start, the market is trading higher and with broad gains as buying momentum continues both in the largecaps and broader markets. Now Sensex is trading at 17430, up 232 points from its previous close, and Nifty is at 5287, up 72 points.

NIFTY & BANK NIFTY TIPS FOR TODAY-
Nifty Support and the resistance levels are:-

S1 = 5145, S2 = 5049, S3 = 4999
R1 = 5291, R2 = 5341,  R3 = 5437 Buy
Nifty Trading Tips
Buy Nifty with a target of 5400 and stop loss of 5200

Bank Nifty support and the resistance levels are -

S1 = 10282, S2 = 10192, S3 = 10129
R1 = 10435, R2-10498,   R3- 10588

INTRADAY STOCK TIPS FOR TODAY-


  • Buy DLF with a target of Rs 230 and stop loss of Rs 202.40
  • Buy OnMobile Global with a target of Rs 44 and stop loss of Rs 41
  • Buy DLF with a target of Rs 230 and stop loss of Rs 202.40
  • Buy IVRCL with a target of Rs 49 and stop loss of Rs 44
  • Sell Reliance Power with a target of Rs 84 and stop loss of Rs 93   
  • Tata Coffee Ltd is a 'BUY' call with target of Rs 1020 and a stop loss of Rs 972.
  • Bata India Ltd is a 'BUY' call with target of Rs 950 and a stop loss of Rs 906.