Tuesday, January 8, 2013

Stock Market Today: Nifty Trend and Stock Tips For 8th Jan '13

Today again market starts with a lower trend. After a critical evening session of last days market is still facing a down trend. Investment banking major Credit Suisse today said political developments will be the key driver for markets in India and expects the Nifty at 5,600 by the end of this year, down from the current over-6000 points.

Nifty For Today:  
Nifty is trading at 5984 level down by 4.4 points still look in a flat mode today. Currently nifty is looking in a sell position. Yesterday nifty closed on a slight bear mode. For today nifty's first resistance is at 6020 level and next is at 6060 level. In down side Nifty support levels are 5940 and 5900 level. 
Nifty is below 6000 level but still it is in a bull territory. If nifty retain this 6000 level position then there is a probeblity to get the 6100 level in 2-3 tradingg session but if nifty fell back to 5945 level then it will be a first alert for traders.

Stock Tips For Today:
Buy Jain Irrigation with a target of 84.
Buy Prakash Industries with a target of 53.50.
Buy Colgate Palmolive on dips.
Buy Petronet LNG on lower levels.
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