Wednesday, February 01, 2012

Intraday Trading Tips for Today

Intraday Trading Tips - 01st February 2012
-Buy Bharat Heavy Electricals Ltd. Intraday Target 258 Stop Loss 245.
-Sell Coal India with a target of Rs 314 and stop loss of Rs 335.
-Buy Tata Motors with targets of Rs 247 and 258 and stop loss of Rs 230. MORE TIPS >>
The Indian market opens for trade this morning on a flat and subdued note, with a negative bias. Earlier, the US markets ended flat with the Dow down 20 odd points while Asia is mixed at this hour. Sensex is trading at 17166, down 26 points from its previous close, and Nifty is at 5185, down 13 points. CNX Midcap index is down 0.1% and BSE Smallcap index is up 0.4%. The market breadth is positive with advances at 350 against declines of 262 on the NSE.
Nifty Futures Technical Overview
Nifty Futures shut stop at 5223.35 down by 111.25 points or 2.18 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5250 else below support level of 5100 it would be in a downward trend.
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