Friday, August 3, 2012

Nifty Today: Intraday Tips for 3 August

After a soft pre-opening start, Indian stock markets opened the last trading day of week nearly 1% lower on index.
Nifty after breaching crucial level of 5200, has come down to 5177 level and expected to remain bearish. After Federal Reserves inaction, European Central bank disappointed the expectations that it would take some move to deal with euro Debt crisis. This disappointment led the markets to make a negative start which is likley to persist for the day.

One of the stocks that one can go for buying today is Cipla and Jubilant foodworks. Day traders can buy Cipla stock above 350.00 for the targets of 353.00-355.50. Jubilant Foodworks ltd is a short term pick for the target of 1150-1170 level.


Posted By Commodity MCX Tips