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Thursday, August 2, 2012

Nifty Tips & Intraday Stock Tips For Tomorrow-3 August 12

Today the markets closed with moderate declines and traded in rangebound throughout the day. Today due to weak global cue markets beginning with fall. Federal Reserve disappointment and before ECB meeting global markets saw frustration. Rupee against U.S. Dollar weakness also put pressure on Market. In today's session Oil & gas, banking and auto were the biggest losers while consumer durables, power and capital goods gained significantly. The Sensex closed at 17224, down 33 points from its previous close, and the Nifty shut shop at 5228, down 12 points. The top Nifty gainers were NTPC, BHEL, Axis Bank and SAIL while the biggest losers included Cairn India, Tata Motors, BPCL and Tata Power. 

Nifty Tips For Tomorrow:-
R1-5300, R2-5550
S1-5000, S1-4900

Nifty Future Tips For Tomorrow:-
Nifty Futures shut stop at Rs 5252.25 down by 4.
Resistace 5300
Support 5000


Buy MphasiS with target of 416 – 422 and stoploss of 404.
Sell Arvind, Target - 64, Stoploss – 74.
BUY Unitech Ltd. Short Term Target 24 Stop Loss 21