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Wednesday, August 1, 2012

Today's Nifty Tips & Stock Tips, Intraday Tips-1 August 12

Today morning The Indian market opens for trade on a quiet note and with a negative bias. Sensex is trading at 17227, down 8 points from its previous close, and Nifty is at 5222, down 6 points. Yesterday the markets closed with moderate gains with oil & gas and realty being the biggest gainers. The Sensex was closed at 17236, up 92 points from its previous close, and the Nifty was shut shop at 5229, up 29 points.

The top Nifty gainers were Grasim, ONGC, DLF and Sterlite Industries and the biggest losers were Bharti Airtel, Bank of Baroda, Hero MotoCorp and Jindal Steel.

Nifty Tips For Today
Pivot Level = 5218
Support1 = 5189, Resistance1 = 5268
Support2 = 5139, Resistance2 = 5297
Support3 = 5110, Resistance3 = 5347

BankNifty support and the resistance levels-
Pivot Level = 10414
Support1 = 10315,  Resistance1 = 10540
Support2 = 10189,  Resistance2 = 10639
Support3 = 10090,  Resistance3 = 10765 

Intraday Stock Tips For Today-

Apollo Tyres- Sell Apollo Tyres, Target Rs 74, stoploss of Rs 79

Balrampur Chini Mills Ltd- SELL Balrampur Chini Mills, Target Rs 50, stoploss Rs 56.20

Tata Global Beverages Ltd- BUY Tata Global call with a target of Rs 135 and a stoploss Rs 122.90

Ambuja Cements- Buy Ambuja Cements, Target Rs 189, stoploss Rs 178

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