Tuesday, October 6, 2015

Stock Intraday Tips For Tomorrow: 7th October

Stock Tips Tomorrow, Intraday Tips tomorrow, Share Market Tomorrow, Nifty Trend Tomorrow

The market sustained its upward momentum for the fifth consecutive session Tuesday on stability in global peers post deferral of Fed rate hike and renewed buying interest in most beaten down quality stocks. The Sensex gained 5 percent and the Nifty rallied 4.6 percent in five sessions on buying across sectors. Experts see another 1-2 percent rally amid consolidation in near term ahead of September quarter earnings that will start on Monday with Infosys. The Nifty is likely to see levels of 8350 in the short-term move, says Shubham Agarwal of Motilal Oswal Securities. Anand Kumar, Bank of America Merrill Lynch says despite the recent downgrades, aggregate Sensex earnings expectations for FY16 continue to remain high. Consensus Sensex EPS growth for FY16 is nearly 17 percent on a bottom-up basis. He expects this to get downgraded to 8-10 percent. The 30-share BSE Sensex climbed 147.33 points to 26932.88, which was 67 points away from 27000-mark. The 50-share NSE Nifty rallied 33.60 points to 8152.90 amid consolidation. On the global front, global markets gained strength after the strong rally on Wall Street overnight. Japan's Nikkei, Singapore's Straits Times, South Korea's Kopsi ended higher by 0.6-1.6 percent but Hang Seng saw profit booking. In Europe, FTSE, CAC and DAX reversed opening losses to trade higher despite weak industrial orders data from Germany. Back home, CNX Energy, Metal, Pharma and FMCG indices were the leading gainers, up 1-2.6 percent.

Stock Intraday Tips Tomorrow: 7th October
  • Buy BPCL with a strict stop loss of Rs 850 for the upside target of Rs 920.
  • Buy Torrent Pharma for shorter-term target price of Rs 1,800 and in the long-term it could do much more.
  • Sell Amtek Auto as per its annual reports

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