The stock Market closed with a negative bias by the end of this week. However it was a flat session for Indian Stock Market, where it tried to ignore global cues.
Get Best Intraday Stock Tips For Monday, 05th Jul'10
Buy Divi's Laboratories for target of Rs 814:
Divis Laboratories has managed to close above the resistance area of Rs 777, thus signaling bullish breakout from the Flag pattern. As stock continues to remain in the long term uptrend, breakout from flag consolidation is likely to ignite buying momentum once again. We advise buying stock above Rs 786 with stoploss of Rs 773 for target of Rs 814
Buy Ramco Industries for target of Rs 72-75 :
Buy Ramco Industries in the range of Rs 66-68 with stoploss of Rs 64 for target of Rs 72-75. Last week the stock had been trading within consolidated phase and managed to trade above level of 60. Here I'll suggest you buy this stock for a target of Rs 72-75 with stoploss of Rs 64.
Buy IFCI for target of Rs 62-65.
Buy IFCI Ltd. in the range of Rs 57-58 with target of Rs 62-65 and stoploss of Rs 54. The stock is phasing a good upside rally and could continue the upside phase for next two-three days. So here one could go for buy this stock with target of Rs 62-65.
Buy Cadila Healthcare Ltd. for target of Rs 680-690.
Buy Cadila Healthcare Ltd. in the range of 665-670 with target of Rs 680-690 and stoploss of Rs 650. The stock has created multiple growth platforms to ensure a steady growth over the medium to long term. They view the emerging markets like Brazil, France and South Africa to drive the uptrend in its growth
Buy Maruti Suzuki India for target of Rs 1428-1440.
Buy Maruti Suzuki India Ltd above 1400 with target of Rs 1428 to 1440 with stoploss of Rs 1380. Maruti Suzuki India (MSIL) is the largest player in the Indian car market with 50% market share. MSIL is way ahead of its competitors with its strong brand equity and excellent dealer network. Indian car industry is at the cusp of strong long term growth and the entry of global auto giants inthe Indian market validates this view.
Nifty Support 5130 – 5172 – 5216 – 5247
Nifty Resistance 5311 – 5348 – 5383 – 5412
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