Nifty Tips
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.
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