Tuesday, July 31, 2012

Nifty Levels: Intraday Picks for Today

Indian Share markets opened the session today on a flat note and initial negative bias can be seen in the market ahead of RBI's credit policy. As the experts are anticipating, RBI does not seems to go for a rate cut in interest due to consumer price inflation and current account deficit. The initial hours of the market are being led by these apprehensions so we can expect a negatively biased range bound momentum initially which can be eradicated if RBI's policy turns out to be favourable.
Technically, Nifty has to remain above 5230 to extend the bullish trend while trading below 5168 may invite the bear again.

Intraday Picks
For Day trading, HCL technologies is a good intraday pick for buying above 518.50. Lupin is another good stock for the day.


Posted By Commodity MCX Tips