Friday, January 18, 2013
TODAY STOCK TIPS, NSE NIFTY TIPS, FUTURE OPTION CALL 18th Jan
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:
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.
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.
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.