Monday, September 17, 2012
Intraday Tips and Nifty Trend For Tomorrow
CRR cut towards economic reforms, despite the big decisions and the market did not show much enthusiasm. Sensex closed at 18542 with a gain of 78 points and Nifty closed 32 points higher at 5,610.
Veterans against the small and midcap stocks showed much enthusiasm. Nifty Midcap rose by 2.5 per cent and BSE Smallcap 1. analysts RBI reduced the CRR to ease policy indicated. Debt is expected to be cheaper realty, capital goods, auto stocks surged between 6.25 to 2 per cent. However, with increased liquidity bank shares rose by 3.25 per cent.
Nifty is looking in buying side. Small caps stocks are traded high today in comparison to high volumed shares. Nifty is looking in a positive trend for tomorrow. Having a resistance level of 5670 nifty may got the 5700 level also. In downside nifty has a crucial support at 5550 level.
Reliance Infra GMR Infra, Lanco Infra, JP Associates, Adani Power, Punj Lloyd went from 12 to 5.5 per cent. Auto stocks Ashok Leyland, Tata Motors, Hero Honda Motors are looking good stocks for intraday trading for tomorrow.