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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