Nifty Tips For Today 5 March 2013

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After a day-long consolidation on Monday, equity benchmarks opened positive led by banks, FMCG, auto and oil & gas stocks. The stock market mirrored Asian gains, which picked up momentum after the Chinese market's 3.6 percent fall yesterday.

The Wall Street had closed higher in late day rally as investors resorted to the trend of buying on dips and pushing major indexes near all-time highs; Europe had closed flat.

Free Intraday Stock Tips

1. BUY Aurobindo Pharma Ltd. Intraday Target 161 Stop Loss 158.

2. BUY Bharat Petroleum Corporation Ltd. Intraday Target 387 Last Traded at 388.10

3. BUY IRB Infrastructure Developers Ltd. Intraday Target 118 Stop Loss 114

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Nifty Trend Today : Market Trading Strategy

HOW TO TRADE WHEN MARKET OPENS GAP UP OR DOWN & REMAIN RANGEBOUND DURING TRADING DAY

During last few trading session a new trend has emerged. Market opens with gap up or down taking cues from US markets and SGX nifty and spend the whole trading day in a tight range. Long trading hours in a range-bound market makes the life of small investors very difficult and unprofitable. After the increased volume in their trading account they end up paying only brokerages and losses. This type of phenomena will remain for some time as per the technical charts of DOW, S&P, and NIFTY & SENSEX.

The profitable way to trade in such market is to try our time tested HIT and RUN trading strategy. This means catch a running train and depart before the last station. We are doing this successfully in last few sessions in stocks like Shiv vani oil, HMT, Karnataka bank and so on.

Since market will be range bound in next few trading session be stock specific in your trading. To be in safer side avoid keeping overnight positions

Intraday Stock Tips For Today :-

Adani Power can be good intraday pick for today, we recommend 

SELL ADANI POWER FUT 50.40 SL 51.50 TGT 47. 

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