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.

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