Share Market Tips for 02nd February 2012 -
-BUY Hero MotoCorp Ltd. Intraday Target 2,012 Stop Loss 1,960.
-BUY Reliance Industries Ltd. Intraday Target 856.
-Buy Mahindra & Mahindra above Rs 700 with a target of Rs 760.
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The Indian market opens for trade this morning on a strong note on the back of good global cues. Earlier, the US markets ended higher with the Dow up 88 and Nasdaq up 34 odd points while Asia is in the green at this hour. Sensex is trading at 17459, up 159 points from its previous close, and Nifty is at 5278, up 42 points. CNX Midcap index is up 0.9% and BSE Smallcap index is up 0.6%. The market breadth is positive with advances at 580 against declines of 79 on the NSE.
Nifty Futures Technical Overview -
Nifty Futures shut stop at 5269.75 up by 46.40 points or 0.89 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5275 else below support level of 5170 it would be in a downward trend.
Commodity Tips for 02nd February 2012 -
Gold (April) Trend – Consolidiate
R2 – 28950, R1 – 28630, S1 – 28200, S2 – 27980
Strategy – Buy on Lower Levels
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