Tuesday, July 24, 2012

Market Today and Stock Tips for 24 July

The market has witnessed a gap up opening followed by a positive start. Currently a stable trade can be seen in the market with nifty hovering around 5130-5140 level. So far, only modest gain has been witnessed in the market and Nifty likely to make a closing near 5150 level today. If It sustains above the same, we can expect some rally also. 5100 is acting as immediate support level.

For day trading Stocks, Jindal steel can be a buying option for today above 417.00 level. Traders can go for a target of 420-422.
We recommend Raymond as another intraday pick for today. Buy Raymond stock above 361.50 for the targets of 365.00-367.000 level.

India's third largest software giant, wipro has seen a rise of 18% in net quarterly profit not letting down the hope of market experts and company itself. The stock can be a good near term pick for short term trading.


Posted By Commodity MCX Tips