Wednesday, December 5, 2012
Nifty For Tomorrow: Intraday Tips : 6th Dec
Markets due to strong international signals showed an upward trend. 19 392 44 points higher Sensex and Nifty closed 11 points higher at 5900. For the first time since April 13, 2011 Nifty closed above 5900. More than veterans gathered momentum in the small and medium, but the last few days show enthusiasm disappeared. Midcap and Smallcap stocks rose 0.5 per share.
Realty shares gained 2.5 per cent. Metal stocks was 1.5 per cent Oil & Gas, Bank, PSU, capital goods, consumer durables shares strengthened from 0.6 to 0.2 per cent. FMCG stocks rose slightly. IT and tech stocks were beaten heavily and IT - Technical index from 1.25 to 1 percent broken. Power shares fell 0.2 per cent to 0.6 per cent and healthcare stocks. Auto stocks pressure on the saw.
Nifty For Tomorrow:
Nifty is looking strong in terms of intraday trading. Research reports are suggesting that nifty may get 6000 level soon. For tomorrow its is looking to get 5940 level. It will be bullish if it open in a positive manner.
Intraday Tips For Tomorrow:
Buy GMR Infra for intraday Trading Target of 21 with a stop loss of 19.70
Buy Ranbaxy Labs for Intraday Target of 522 level with stoploss of 507.
Buy Canara Bank with a intraday target of 480 and a stop loss of 467.