Showing posts with label nifty trend for today. Show all posts
Showing posts with label nifty trend for today. Show all posts

Thursday, February 14, 2013

Stock Tips For Today: Nifty Trend Today: 14th Feb

Nifty Trend For Today:
After two days of small upticks, benchmark indices opened flat with Coal India, DLF and HCL Tech, Infosys, BPCL and NTPC holding in green. Currently the Sensex was up 11 points at 19619, and the Nifty trading flat on 5933 with no gain no loss condition.
Nifty is looking flat for today may we may see a selling pressure in today's trading. Stocks likr DLF and Coal India could help Nifty to move upside today. Although Nifty has an updated consolidate trend. It has a strong resistance at 6000 level and above 6030 level will be in perfect bull trend. Downside nifty has a support level at 5880 level as its first support level.

Stock Tips For Today:
Bharti Airtel Sell Below 325 level for the target of 315 and a stop loss at 329
United Spirits Sell arround 1862 with a stop loss of 1885 to get the target of 1833
Sell Maruti Suzuki below 1535 level for the target of 1500 and Stop loss at 1545.

Wednesday, February 13, 2013

Nifty Trend and Intraday Tips For Today: 13th Feb

Nifty Trend:
The 50-share Nifty index is expected to open higher on Wednesday tracking positive Asian markets, while investors will keep a close eye on HPCL after the refining and marketing major, reported weak results for Quarter ended December 31. In last trading session of the previous day Nifty closed on a green position closed at 5922 by gaining 25 points. Today it is looking in bull trend. However it will be surely in bull side of it check the 5980 level today as it first resistance level and after that 6020 level. Nagetive sentiments are looking below the 5890 level.

Intraday Tips For Today:

  • Tata Motors DVR Buy at 168 for the Intraday target of 172 and a stop loss at 164
  • Union Bank of India Buy above 236.25 level target at 245 and a stop loss at 233
  • Pantaloon ltd. Buy at 229.70 with a stop loss of 226 and a target price of 233
  • Maruti Suzuki Sell below the 1558 level to get target of 1545 and stop loss at 156.

Monday, February 11, 2013

Top five Stock To Trade Today: Share Market Tips

In the opening trend BSE Sensex turns negative, down 11 pts as Tata Power, Hindalco, Hero MotoCorp shares weigh, Nifty was up. Nifty is up 7.5 points; Tata Motors is the top Nifty gainer, up 1.9 pct Top Sensex losers: Tata Power, ONGC, ITC and Bharti Airtel Cadila Healthcare shares fall 6.1 pct on earnings disappointment, broker downgrades BSE FMCG index is at the bottom of the sectoral pack with losses of 0.4 pct BSE consumer durables index is the top sectoral gainer, up nearly 2 pct It's a flattish start for the day with the BSE Sensex now trading up just 12 points Tata Motors gains 1.5 pct, Dr. Reddy's rises 1.4 pct, Sun Pharma up 1.3 pct Sensex opens up 50 points In the currency market, the rupee is trading at 53.63/USD Good morning and welcome to Reuters Market Jockey


Top Five Stock To Trade Today.

1) Tata Communications Ltd. after the company reported nearly 130 per cent rise in standalone net profit at Rs 67.60 crore during the December quarter against Rs 29.48 crore in the corresponding period last fiscal, the company said in a release issued here. 

2) Reliance Broadcast Network Ltd. after the company said its consolidated net loss has narrowed down to Rs 17.15 crore for the third quarter ended December 31, 2012. 

3) Reliance Industries Ltd. after a committee under the Ministry of Environment and Forests has deferred a proposal by RILBSE 0.32 % to develop an oil and gas block at Cambay Basin. 

4) ONGC will be in focus ahead of its quarterly results. The oil & gas major is expected to report a 22 per cent YoY drop in its net profit numbers to Rs 5200 crore for the quarter ended December 31 from Rs 6741 crore reported in the previous quarter, according to ET NOW Poll. 

5) GMR Infrastructure's Ltd, after its consolidated net loss doubled to Rs 217.45 crore for the quarter ended December 31, 2012, largely due to higher interest burden and marginal revenue growth.

Friday, February 8, 2013

Expect credit growth of 10% by March-end: Share Tips Tomorrow

The Canara bank reported 18.80 percent decline in its net profit at Rs. 710.51 crore for the quarter ended December 31, 2012, on account of higher provisioning for bad loans. Meanwhile, it made provisioning for bad loans and contingencies for Rs 625.90 crore for the third quarter, up from Rs 484.48 crore in the year-ago period.

We have total business as on December 31 at Rs 5,42,000 crore. Total deposit is at Rs 3,23,000 crore. Net advances is at 2,18,000 crore. Net profit is at Rs 710 crore. There was less growth in nine months period and net profit is Rs 710 crore. NIM is at Rs 2.36 crore. Capital adequacy ratio is quite good at 12.64 and Tier I capital ratio is at 9.7. These are fresh slippages during the quarter. As against Rs 1,921 crore last quarter that is September quarter and first quarter Rs 1,497 crore. So, total slippages in three quarters is Rs 4,733 crore.

Thursday, February 7, 2013

Intraday Stock Tips and Nifty Trend Today: 7th Feb

In yesterday's session Market closed on a down trend. BSE sensex was down by 20 points. It is fifth straight day for BSE closed in red side. Today also it start trading in a down trend. Currently it is trading at 19590 level down by 49 poitns. Nifty is trading at 5944 level down by 14 points.

Nifty Trend Today:
There was a bear trend is suggested for last 4 days. Nifty open on a very slight bear note at 5966. So today the first resistance for nifty is at 6005 level. Next resistance ranges are seeming at 6040-60 levels. On downside a support level range is looking near 5910-5880 level. Nifty is trading on a flat to bear trend today.

Intraday Stock Tips Today

  • BUY BHEL for Intraday trading Target of 214 with a Stop Loss at 198.
  • SELL IDFC Ltd. For Intraday Target of 157.75 with Stop Loss at 163.
  • BUY Cipla Ltd. with a Stop Loss at 395 for Intraday Target of 405.

Wednesday, February 6, 2013

Share Market Updates and Stock Tips Today: 6th Feb

Share Market Updates:
The International updates suggest a green trend for indian markets. The US stocks finished higher, wiping out most of the previous session's losses, boosted by a batch of encouraging earnings reports and positive economic data from Europe. The CBOE volatility index tumbled below 14. In economic data, the ISM services sector index eased slightly to 55.2 last month from 55.7 in December. The reading was in line with economists' forecasts. The European markets rose, as signs of economic recovery in the euro zone helped soothe investors' worries a day after the return of political risks in Spain and Italy sparked a sell off in stocks.

Stock Tips For Today:

Sell Bank of Baroda
Bank of Baroda, in its last trading it was in a narrow range. There was a gap, but a range that is still narrow, so that narrow range is going to expand whether it expands today or tomorrow. Sell is suggested in Bank of Baroda.

Buy Escort Ltd.
Escorts is a far better stock as compared to Suzlon because Escorts has almost certainly completed its bear market. It is beginning a strong upmove. We suggest to buy Escort Ltd. for mid to long term session.

Buy Titan Industries 
Titan Industries closed at Rs 277.30, down Rs 7.50, or 2.63%. Titan Industries is in an uptrend. I would be a buyer in it. Infact most defensives will slowly come in that category. We suggest a buy in Titan Industries for mid to long term.

Monday, February 4, 2013

Share Market Tips For Today: Nifty Trend For 4th Feb

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.

Tuesday, January 29, 2013

Market Updates For Today: Intraday Tips Today

Market Updates Today:
While markets are confident of a low-interest rate regime, the Reserve Bank of India continues to tread cautiously at every step. In its macroeconomic report for third quarter, the central bank mentioned about calibrated (read baby step) measures in managing country's monetary policy. It revised India's GDP forecast to 5.5% in 2012-13 as against 5.7% estimated earlier.
The US markets closed mixed as stocks struggled to extend the January rally for another session. Apple led tech stocks higher with a 2 percent rebound while Caterpillar gave support to blue chips following its earnings report. The CBOE volatility index (VIX) traded near 13.5. European equities too ended mixed.
Talking about indian stock market, Today market open with a selling pressure. Due to weakness of US market and its market data market open with a selling mode. Currently NSE indicator nifty trading at 6,068.60 down by 5.95 points. Sell is suggested for today.

STOCK TIPS FOR TODAY: "TRADE ON SMALLER PROFITS FOR TODAY, DON'T GO FOR BIGGER ONE".

Intraday Tips For Today:
  • BUY Tata Chemicals Ltd. For Intraday Target of 372 with a stop Loss of 365
  • BUY Canara Bank with an Intraday trading Target of 489 and a Stop Loss at 480
  • SELL Ambuja Cements Ltd. with a Stop Loss at 199, for Intraday Target at 194.

Wednesday, January 23, 2013

Stock Tips For Today: Buy Nifty For Today

Today Market is looking in a perfect bull trend. Here are some points which support the market trend in positive way. US markets have reversed early session losses to close higher on hopes for a deal on the debt ceiling. Meanwhile Europe ended in the red and Asia is mixed in morning trade with Japan is down nearly a percent as Bank of Japan's latest aggressive easing falls short of expectations.

Nifty for Today:
For Today nifty is in a buying bucket. In last trading session Nifty closed on a bear note at 6048. So today the first resistance for nifty is at 6100-10 level. Next resistance ranges are at 6160-65 levels. On downside first support is at 6031-26 level. Below that nifty may fell to 5987-83. Nifty is up today. One should go for the Buy in current market.

Stock Tips For Today:
  • Buy Bajaj Finserv for target of Rs 890 and keep a stoploss at Rs 859
  • Buy Kingfisher Airlines for target of Rs 15.30 and keep a stoploss at Rs 14.30
  • Buy Indiabulls Securities for target of Rs 13 and keep a stoploss at Rs 11.90
  • Sell Ashok Leyland January future for the target of Rs 24.50 and keep a stoploss at Rs 26

Friday, January 18, 2013

TODAY STOCK TIPS, NSE NIFTY TIPS, FUTURE OPTION CALL 18th Jan

Today stock tips, NSE BSE tips, Free Stock tips, Stock future tips, Option future call, Cash Future call today

Todays Market Updates
As in the last trading session BSE were closed on 19964.03 up by 146.60 level today also it is looking a bull phase. It may get 20150 level in todays trading after that it might get the 20300 level soon. Nifty is also in a buying range today. Currently it is trading at 6068 level with a gain of 28.70 points. Now the nifty has a stronf support at 6000 level and a resistance at 6150 level. We suppose that Nifty may get 6120-6150 level. 

Global Market Updates: As the expected Us houseing data and Job Data given a strength to US Market. US stocks climbed on Thursday, with the S&P 500 advancing to a five-year intraday high on signs of strength in the housing and job markets and on better-than-expected results from online marketplace eBay. The Dow Jones industrial average was up 84.89 points, or 0.63 percent, at 13,596.02. The Standard & Poor's 500 Index was up 8.31 points, or 0.56 percent, at 1,480.94. The Nasdaq Composite Index was up 18.46 points, or 0.59 percent, at 3,136. 

Today Stock Tips

HPCL 
In Oil sector OMCs have already rallied nearly 22 percent over the last one month and are already building hope on price hikes and reforms. If a roadmap for future increases is not announced, these stocks can weaken in the near term. We suggest a buy in HPCL for the target of 375. 

Reliance 
After having been a market performer over the last three years, they expect outperformance driven by a turnaround in the petchem and retail business. The Govt. Diesel policy may give a boost in this stock. We suggest to buy it for mid term trading to get the target of 1100. 

Federal Bank 
Earnings beat estimates largely due to better than expected NII growth and lower loan loss provision. However, asset quality disappointed. We suggest to buy Federal bank to get the target of 560 for mid term.

Thursday, January 17, 2013

Nifty Sensex gain early, Active Stock tips today

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Stock TipsAlthough no directive has come from the government on diesel price hike, stocks in the oil & gas shot up after petroleum ministry authorised oil marketing companies (OMC) to make fuel price corrections from time to time. The OMCs are expected to make a price-hike announcement tonight. It also allowed raising LPG subsidy cap to 9 cylinders from 6 cylinders earlier. The Finance Minister made it clear that will be no change in governement's subsidy plan. The Sensex was closed at 19964 up by 146 points or 0.74% and the Nifty is up by 37.35 points or 0.78% at 6039. 

Stock Of the Day
Refinery major HPCL rose 8.5 percent, BPCL was up 5.7 percent, Oil India rallied 4.06 percent. Reliance, IOC and ONGC rallied 2.86 percent, 7.4 percent and 4.08 percent, respectively. 

Telecom stocks also rallied after the Cabinet decided to slash CDMA spectrum price by 50 percent. Bhart Airtel was the top gainer on Sensex, rising 3.07 percent. Reliance Comm rose 3.27 percent, and Tata Comm rose above 1 percent each. Bharti Infratel and Idea turned flat after a short rally.

Wednesday, January 16, 2013

Positional Stock Tips For Today: Intraday Trend For 16th Jan

Intraday Trend For Today:
Market Intraday trend is looking volatile for today's trading. It might get bearish if Nifty move below 5990 level else above 6090 level it will again set into the buying position. We suggest to wait for a buying signal above 6070 level.

Positional Stock Tips
PNB
If you look at the move 4-6 sessions back when Punjab National Bank (PNB) first hit Rs  920, the volumes were huge. However, if you look at the move now when it has bounced back over the last couple of  days above Rs 900, the volumes have shrunk disastrously. It may slip to Rs 870-880. Sell is suggested in it.

Infosys
Although Infosys has a key level 2800, given the volume and the way it broke out on the results day, if it goes back and closes above Rs 2800, more of a short squeeze could set in right up to 2950.

Ambuja Cement
If you see the smaller players like the JK Lakshmi Cement or Madras Cement, those stocks have seen the corrections and I may add the name of Dalmia Bharat Enterprise, OCL also in the same space. I may not be too bullish on the Mangalam Cement at this stage unless and until you see the performance. Ambuja Cements can move to Rs 208-210

Tuesday, January 15, 2013

Positional Stock Tips: Stock of The Day: 15th Jan

A very good morning to all. It is a vastly more cheerful morning today. Market closed on a bull mode yesterday and today it starts with a up trend. In early trade nifty moved to 6072 level. Our research analyst suggest the market may relly to 6200 in 2-3 trading session. First came general anti-avoidance rules (GAAR) then the inflation numbers or the other way around, but both acted in favour of the market. We suddenly saw a very tired looking market in the morning spring back to life and close above 6,000.

The January series the Nifty may cross the crucial level of 6250 supported by the probable cut in rates by the RBI on January 29. Baliga advises investors to sell Infosys on the first signs of weakness in the stock. For today nifty is looking bullish. Having a support at 5960 it has a resistance to break at 6100 level. Buy is suggest on current series of nifty.

Stock of The Day:
Tata Consultancy Services (TCS) did not do much to hurt sentiment later in the evening. So, we are all okay this morning as we start trade with traders once again rubbing their hands at the prospect of the Nifty staying and getting further away from that 6,000 mark.

Positional Stock Tips:
We are bullish on HDIL and Unitech, as both these stocks look good, in terms of the fundamentals as well as the technical behaviour in the F&O space. As RBI is likely to cut rates larger PSU bank stocks like State Bank of India (SBI), Punjab national bank (PNB), Bank of Baroda, Canara Bank, Bank of India are moving up and may see a further upside.

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Monday, January 14, 2013

Market Cues: Nifty Trend and Stock Tips Today

Market is in a good position after facing a couple of flat trading session. Today nifty gain 5998 level in its early trade. Currently it is trading at 5969 level up by 16 points. All blue chip levels are in a buying position. Infosys got more then 115 points today and set as a top gainer of the day. The European equities stalled, with weak economic data from the United States and concerns about the scope for more stimulus in China giving investors the excuse to lock in profits on a new year rally to multi-month highs.

Nifty Trend For Today:
Current trend for nifty suggest that nifty will cross 6000 level today. But below the 5920 level it might get check the 5880 level also. Else if it get the 6000 level in today's trading session it may get 6200 level very soon. Current trend for nifty is volatile to bullish. 

Stock Tips For Today:
  • BUY Praj Industries Ltd. for Short Term Target of 59 and Stop Loss at 45
  • BUY Geometric Ltd. for Short Term Target of 120 with a Stop Loss of 107
  • SELL Jubilant Foodworks Ltd. for Intraday Target at 1200 with a Stop Loss of 1250
  • BUY GTL Infrastructure Ltd. For mid Term Target of 5.0 and a Stop Loss at 3.70
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Thursday, January 10, 2013

Positional Stock Tips and Nifty Trend For Today: 10th Jan '13

In my previous post we suggest that nifty will make a come back. as the trend suggest nifty closed on a down trend yesterday, But it open with a buying pressure today in its early trade. Globle market also allowed Nifty to trade in a bullish trend today. In the US, markets ended modestly higher in thin trading, recovering losses from the last two sessions, after Dow component Alcoa kicked off the fourth-quarter earnings season with a guidance upgrade. In key data to watch out for in the US today, weekly jobless claims are expected to slip to 362,000 the market would also keep an eye on wholesale trade data.

Nifty Trend For Today:
For Today Nifty is looking to get 6050 level. Although it has a strong support level at 5960 level and after that 5920 in deeper. But the current resistance allows nifty to get its first resistance at 6050 level and after that 6080 level. Nifty is bullish. So make a fresh position in it.

Positional Stock Tips For Today:
Axis Bank
Axis bank has the largest exposure to the SME sector amongst private banks and FY14 could see a cyclical reversal in SME asset quality stress which will be a positive for axis. But axis bank to get  a long term target of 1615.

Sintex Industries:
Margins are likely to improve this quarter, driven by improved capacity utilization especially in the domestic custom molding business. Adjusted for forex losses, bottom line is likely to grow 13 percent year on year to over Rs 80 crore, buy to get the target of 100.

ONGC
Upstream companies seem relatively better placed if the recent spate of news on diesel price hikes and deregulation works out. In case of diesel deregulation, ONGC's fair value would be 428 rupees a share. We suggest a Positional buy to get the target of 350.

Wednesday, January 9, 2013

Share Tips and Nifty Today : 9th Jan '13

As the market indicates a flat mode in last trading. Nifty closed on 6002 level. Current market trend suggest that India remains an attractive investment destination even as taxation uncertainties pose a challenge, according to global consultancy Deloitte. A survey of investors, spread across various segments, conducted by Deloitte also found that investors were looking for more clarity on certain tax issues.

Nifty for Today:
Nifty is looking attractive in current scenario. Although it is trading in flat value in its last 2-3 days, but looking bullish in near term. Now Nifty has a support level at 5940 below that 5910 will be the second but in upside it is ready to move to 6050 level and then 6090 level soon. Buy is suggested.

Stock Tips Today:
Hexaware Technilogies:
The downtrend is not over; it is surprising a small rally apparently was a bear market rally. There is more downside here probably Rs 85 or even lower, so Hexaware remains a short sell.

Havells India:
Havells India has been identified when it was at Rs 480, now it is at Rs 650. What the stock is doing is it is going up slowly and steadily. Again at Rs 650 it is just willing to breakout from a trading range that means new highs for the stock

Bharat Heavy Electricals Ltd. (BHEL):
The stock has managed to exceed the falling resistance line from its 2010 highs, which confirms the medium-term trend reversal. The stock is also currently trading above its long-term averages and has a very strong support at Rs 240 on the downside.

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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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Monday, January 7, 2013

Intraday Tips For Today: Share Market Today

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Share Market Today:
Indian markets to get a flat-to-cautious start of the new week. The Indian markets remained in consolidation mood in last session, though major indices were able to enter the green in last but the better than expected manufacturing data was unable to make much impact and the traders largely concentrated on the US development where there were talks of Fed not continuing the bond buying programme for long. Today, the start is likely to be cautious as the regional markets are trading mixed and traders will be eyeing important events like IIP numbers and result announcements starting with IT bellwether Infosys later in the week. Though, there is not much expectations from the December quarter but some companies may surprise with better topline. Meanwhile, the PSU oil & gas companies will keep buzzing as the oil ministry has moved two separate cabinet notes - one to raise cap on supply of subsidised cooking gas cylinders and the other to increase fuel prices, particularly diesel, by less than a rupee per month to pair it with market rates and eventually deregulate it in next 15 months. While, there is some good news for the auto stocks, as it has been reported that in the Budget 2013-14 the Heavy Industries Ministry may pitch for lowering excise duty on two-wheelers and motor vehicles, especially small cars in order to boost sagging demand.

Intraday Tips For Today:

  • SELL YES Bank Ltd. for Intraday Target of 487 and a Stop Loss at 494
  • BUY Strides Arcolab Ltd. for Intraday target of 1090 and Stop Loss at 1068
  • SELL Axis Bank Ltd. for Intraday Target of 1350 with a Stop Loss of 1388.

Friday, January 4, 2013

Market Ends on Flat Trend: Nifty is above 6000

The NSE 50-share Nifty closed the week above the 6000-mark and the Sensex rose 1.8 percent to close the week at 19767, as oil companies such as ONGC rose on hopes a proposed change in the government's pricing formulas would boost gas prices, while IT stocks rose on expectations for a better 2013. Business at the end of the fourth day I was strong recovery in the market. 19 784 19 points higher Sensex and Nifty closed at 6016 up by 7 points.

After showing a slowdown in midcap stocks come shopping and Nifty gained 0.3 per cent. Light up the whole business appeared in small stocks and BSE Smallcap gained 0.35. Cabinet note on increasing diesel oil being released by the Ministry of Oil and Gas shares rose 1 percent. Government stocks also gained 1 percent.

For the day, the BSE index provisionally gained 0.02 percent, while the 50-share NSE index ended up 0.11 percent, both marking their highest closes since January 2011. Motilal Oswal said Oil India, Oil and Natural Gas Corp, and Reliance Industries would be the biggest beneficiaries of the proposed formula, which involves volume-weighted international prices for gas producers.

Indian Oil Corp closed up 5.9 percent, Hindustan Petroleum Corp gained 4 percent, while Bharat Petroleum Corp closed up 3.2 percent.

Thursday, January 3, 2013

Positional Stock Tips For Today: 3rd Jan

Key equity indices rose for the second consecutive session to finish at two-year highs Wednesday, as investors across the globe cheered the resolution of the US fiscal crisis. Currently Nifty is on uptrend today trading at 6000 level. here are some stock suggestions for positional trading.

Stock Tips For Today
Infosys
Delays in deal closures and cuts in spending in some of its banking clients are likely to result in lower growth than earlier expected. The company could lower its fy13 revenue guidance by 2% and EPS guidance by 4-5%. We suggest a buy in Infosys to get the target of 2600 for long term.

NMDC
NMDC is currently in consultation with KPMG to develop a pricing formula for monthly iron ore prices and this is expected to be finalised soon. This could lead to a rebound in prices in the coming months. Buy is suggested for long term with a target of 210.

Reliance Industries:
The company could see an 8% dip in profits in Q3 on the back of a sequential fall in GRMs and a plunge in KG-D6 gas volumes. The fourth quarter looks worse, given a major planned shutdown and a further dip in gas volumes. we suggest a sell in Reliance Industries for short term with a target of 820.

Coal India
New allocation rules could mean that coal India will have to pay for all coal block allocations from here-on. Although it has a support near 310 level. Having a resistance at 400 for long term one can go for a sell in Coal India with a target of 320 level.
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