Tuesday, October 16, 2012

Intraday Stock Tips for Today

Today Indian Stock market opened in green tracing strong global cues. INTRADAY TIPS. BSE Sensex was trading at 18788 up 75 points over the previous close while Nifty was at 5,711 up 24 points from the previous close. Axis Bank is top Nifty gainer up 2 2 percent at 1,143.

Today's Stock Tips

  • Buy JetAirways at 383.20 with target of 391 and stop loss of 378
  • Buy Sun Pharma at 715.40, Target 735, Stop loss of 712.50
  • Sell Adani Port with stop loss of 122.5 and Target of 111.
  • JP Morgan maintains underweight, target 675.
  • UBS maintains Buy, Target 1015.
  • Morgan Stanley maintains underweight, Target 74.
  • Goldman Sachs maintains Buy, Target 930.

Expert Says

  • Investor mood indicates upward bias for markets. Biased towards financials, infra and select mid-cap cement stocks.
  • Traders can still look at Tata Motors, once stock stabilizes.
  • Bearish on TCS and Wipro on subdued global demand.
  • Pharma may be sector to bet on.

Nifty Intraday Support Resistance

S2 – 5634.65, S1 – 5660.90, PP – 5677.30, R1 – 5703.55, R2 – 5719.95
-Present market sentiments shows that market remains in trading
 range. The Nifty could move above 5,700. 

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