Tuesday, July 17, 2012

Nifty Outlook>Intraday Tips for Tomorrow 18 July

The market extended the losing streak for 5th consecutive day and nifty had to witness a flat closing today. Capital goods, oil & gas, steel, auto and power stocks were the worst performer today while FMCG & consumer durables out performed.
Nifty made its closing near yesterday's level and closed at 5192.85 after gaining only 4 points. Nifty traded with a range of 55 points and made a high of 5233 but it erased all the early gains and soon lost the spark thereon.
Since Asian market witnessed a positive closing, so we can expect a fresh start up tomorrow. Its like an oversold position for the market so bounce back rallies can not be ruled out.

Nifty needs to remain above 5230 level consistently for a persisting upside trend.

Intraday Stock Tips for Tomorrow -

Buy Lupin above 572.50 Target- 577.00-582.00 Stoploss below 567.50

Buy Axis Bank Above 1025 TG- 1035-1050-1050 SL-1009.50

Buy Bajaj Finance Ltd Above 975 and Target 983-992-1005 for Intraday.


Posted By Commodity MCX Tips