Wednesday, December 5, 2012

Nifty For Today: Stocks Calls Today:

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Nifty For Today:
Yesterday Nifty closed on a slight bullish note at 5889. So today the first resistance for nifty is at 5940 level. Next resistance ranges are at 5975-95 levels. On downside first support is at 5870-66 level. Next supports are at 5730-25 levels. So today the main intra resistance are at 5940 and 5970 level and on downside be alert below 5870 and avoid longs if nifty is below 5866 level.
With improved investment climate because of recent government reform majors and rate cut hopes by the Reserve Bank, fund managers believe the market to be up by 15-20 per cent after one year, according to a recent survey.

Stock Calls For Today:
BUY Unitech Ltd. For Intraday Target of 34 with a Stop Loss at 33
BUY Havells India Ltd. for Intraday Target 611 and Stop Loss at 596
BUY Tata Consultancy Services Ltd. for Intraday Target of 1313 with Stop Loss of 1286
BUY SJVN Ltd. for Intraday Target of 21 and put Stop Loss at 18.90

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