Thursday, October 11, 2012

Stock Tips For Today | Nifty Trend and Best Stocks For Today: 11th Oct

The Indian market fell 0.9 percent on Wednesday on the back of downgrade warning by the rating agency Standard & Poor's and profit booking. Currency Exchange is open once again in the red. While today's decline is not much to Rs. Slight decline of the rupee against the dollar today, with just 2 paise at 53.07 and is open flat. Rupee weakened against the dollar in early trading to 53.12. Wednesday's trading against the dollar rupee closed at 53.05. Weak global economic growth and concerns over the ongoing Euro zone crisis also added fuel to the fire.

Nifty Trend For Today
Nifty closed on a bearish note at 5652 level. Nifty is looking in a consolidate trend today. So today the first resistance for nifty is at 5667-71. Next resistance ranges are at 5688, 5764, 5784 levels. On downside first support is at 5632 level. Next supports are at 5590, 5543 level. So today intraday resistance will be at 5671, 5688 and 5712 levels and on down side be very alert below 5615. Have a look at weekly trend.
Positional Support for NIFTY 5557 5473 5430 5374 5263 5212 and positional Resistance for NIFTY is 5693 5714 .

Best Stocks For Today:
Fresenius Kabi Oncology
promoters through Friday, 9 per cent stake in the company will sell Ofs.

Chambal Fertilisers , RCF
sources cabinet will meet today to give cash subsidy on urea.

Suzlon Energy
company Bonnddharkon 4-month extension was requested but denied Bonnddharkon extend the date of FCCB. The company had to pay FCCBs today.

Prime Focus
Board of Promoters Prefrenshiyl 104 crore through the issue of warrants approved. In addition to Board StanChart PE Rs 53 per share to $ 3.5 million approved Prefrenshiyl stock.

Vkrangi software
SEBI officials, the company removed on charges of insider trading. About 6 1 Promoter Director and was accused of insider trading.

Stock Tips For Today

  • BUY Gallantt Metal Ltd. with Intraday Target of 29 and put Stop Loss at 27  
  • BUY Anik Industries Ltd. Intraday with a Target of 35 and a Stop Loss 31.80
  • BUY State Trading Corporation Of India Ltd. Intraday, Target at 262 with  Stop Loss at 251
  • BUY Pidilite Industries Ltd. Intraday Target 214 and Stop Loss at 196

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