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Friday, September 7, 2012

Nifty Tips, Bank Nifty Levels & Intraday Trading Tips 7 Sep 12

On Friday the BSE Sensex surged over 200 points tracking rally in global markets after European Central Bank ( ECB) unveiled its bond-buying program to contain region's burgeoning debt crisis. The Sensex was trading at 17,626.80, up 280 points or 1.6 per cent. ICICI Bank (2.9 per cent), RIL (1.6 per cent) and Tata Steel (3.8 per cent) led the gainers pack.The Nifty index rose 1.5 percent in early trade to surge past its crucial psychological level of 5,300, trading at 5319.95.

Nifty Tips- 7 Sep 12
Pivot Level = 5261
Support1 = 5237, Support2 = 5213, Support3 = 5189
Resistance1 = 5285, Resistance2 = 5309, Resistance3 = 5333

Bank Nifty Tips-7 Sep 12
Pivot Level = 9945
Support1 = 9881, Support2 = 9825, Support3 = 9761
Resistance1 = 10001, Resistance2 = 10065,  Resistance3 = 10121

Intraday Trading Tips-7 Sep 12

Hexaware Technologies Ltd-
BUY Hexaware Technologies, Target Rs 135, stoploss Rs 126

Lupin Ltd- BUY Lupin, Target Rs 630, stoploss Rs 594

ITC Ltd- SELL ITC Ltd, Target Rs 255, stoploss Rs 267

IDBI Bank Ltd- BUY IDBI, Target Rs 92, stoploss Rs 85

Bharat Heavy Electricals Ltd- SELL Bharat Heavy, Target Rs 192, stoploss Rs 208.50