Nifty Trend For Today:
The Wall Street edged lower after dismal GDP data and as the Federal Reserve continued its commitment to massive economic stimulus. The European markets see their biggest intra-day drop this month. Asian markets kick off trade today in the red. At 7: 54 am (IST), Asian markets were trading lower. China's Shanghai Composite was flat at 2,382.73. Hong Kong's Hang Seng was down 0.53% or 126.18 points at 23,695.88. Japan's Nikkei shed 0.66% or 72.92 points at 11,041.03. Singapore's Straits Times was down 0.20% or 6.72 points at 3,279.18. These market updates will set a trend for Nifty's today session. Today Nifty open with a consolidate trend. Looking weak for today. It might get bullish if it cross 6120 level and may relly upto 6150, but if it went below the 5990 level it may fell to 5960 level today.
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Positional Share Tips Today:
The Oil India stake sale has received the stamp of approval from the empowered group of ministers. The EGoM has approved the sale of 10 percent stake in Oil India via offer for sale on February 1. We have some stock for intraday suggestion for today.
- Buy Blue Star (Positional); target of Rs 215.
- Buy Bank of India(Intraday): target of Rs 350.
- Buy ONGC on dips to reached a target of Rs 350.
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