Friday, November 2, 2012

Intraday Tips For Today: Share Market Today- 2nd Nov

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Share Market Today
Indian equity benchmarks opened on a strong note today. The Nifty traded at a sniffing distance from the 5,700 mark. Strong buying was seen in Wipro, ITC, ICICI Bank, Reliance, HDFC Bank, M&M and Hero Motocorp.

Realty shares gained 1.5 percent. Power, banks, capital goods, auto, metal, FMCG and government stocks are up nearly 1 per cent. Oil & Gas, Technical, IT, Healthcare shares are 0.75 to 0.5 per cent faster. Consumer durables stocks fall slightly.

The technical report suggest traders to buy the Nifty, if it sees new highs after the first 10-15 minutes of opening trade. There is no trade here except for intraday trading. The Nifty could give us another 30-40 points on the upside inspite of the gap up.

Intraday Tips For Today
BUY Pradip Overseas Ltd. Intraday Target of 51 with Stop Loss of 46
BUY Wipro Ltd. for Intraday Target of 380 and Stop Loss at 361
BUY Jaiprakash Power Ventures Ltd. Intraday Target 45 and Stop Loss at 34
BUY Titan Industries Ltd. Intraday Target of 300 with a Stop Loss at 278
BUY Steel Authority of India (SAIL) Ltd. Intraday Target 84 and Stop Loss at 80.

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