Monday, February 4, 2013
Posted by Free Intraday Stock Tips 9:48 AM No comments
Today Indian share markets open with a buying interest from traders. Today Nifty open with a buying pressure and got the highest level of the day 6037. The Market is looking in perfest bull trend today.
Nifty Trend Today
The Current market scenerio is fatching a bull trend due to International updates. The US Market is also pushing Indian Share Market to gain more. The US market major averages post fifth straight week of gains with the Dow closing above 14,000 for the first time since October 12, 2007. With this close, the Dow is now less than 200 points away from closing at an all time high. In economic data, the US economy added 157,000 new jobs in January; slightly above economists' expectations. The bigger highlight though was the revision of December data from 1,55,000 additions to an addition of 1,96,000 jobs. These are the cues that are pushing Nifty to gain 6050 level today.
Although Nifty is looking positive at the moment having a resistance at 6080 level it may relly to 6150 level today. In down side nifty has a support at 5970 level. Below that it has a strong support level at 5930. The Current trend is bullish for Nifty.
Buy Bank of India on current level for the Target of 360 level.
Buy Panjab National Bank To get the target of 925 in short term.
Buy Andhra Bank above 112 level for the target of 115 level today.