Intraday Stock Tips : Stock Tips For Mon 12th-July

Intraday Stock Tips For Mon 12th, July'10

Buy Tata Steel above 498 with target of Rs 510-515 and stop loss of Rs 488.
Buy SBI above 2370 with target of Rs 2390-2400 and stoploss of Rs 2350.
Buy Bajaj Auto above 2415 with target of Rs 2430-2438 and stoploss of Rs 2408.
Buy Infosys above 2860 with target of Rs 3000 and stoploss of Rs 2850.
Buy Indian Hotels @ 106 with target Of Rs 109-112 and stoploss of Rs 104.
Buy L&T in the range of 1820-1830 with target of Rs 1842-1860 and stop loss of Rs 1800.

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Trading Strategies For Three Buzing Sectors For Coming Week

Retail, Telecom and Sugar ruled the D-street on the sectoral front for the week ended July 09, 2010. During the week India`s benchmark index, BSE Sensex gained 372.59 points or 2.13% to settle at 17,833.54. Meanwhile, the broad based Nifty rose by 115.35 points or 2.10% to settle the week at 5,352.45.

Retail:
Positive due to expected news of opening up of retail sector to foreign direct investment (FDI). Shares of retail stocks like Pantaloon Retail, Provogue (India) gained over 3% after the government pitched in for foreign direct investment in the sector on July 06, 2010.

Telecom: Heavy buying seen
Shares of telecom stocks rallied over 10% on Friday, July 07 after Credit Suisse upgraded the ratings.  The leading global financial services company with headquarters in Zurich upgraded the ratings of Bharti to `outperform` from `neutral`, Reliance Communications to `neutral` from `underperform`, and Idea Cellular to `outperform` from under perform.

Sugar: 

Looks positive - decontrol of sugar sector but surplus sugar may have some impact on pricing. Shares of sugar companies got a shot in the arm after agriculture minister Sharad Pawar said it`s the right time to decontrol the sugar sector. The front line stocks like Bajaj Hindustan, Shree Renuka, Balarampur Chini showed sharp positive movements.

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Nifty Views For Tomorrow : Nifty may test 5,350-5,400 levels

Nifty Technical Views For Mon 12th, July'10

On the basis of nifty reports and daily nifty charts we are observing a pattern that resembles a Flag breakout where the prices have closed marginally above the downward slopping trendline of the Flag. Any close above 17,710 / 5,320 levels would confirm a Flag pattern breakout. We maintain our view that in the coming trading session if indices manage to trade convincingly above 17,650 / 5,300levels then we could see upside momentum up to 17,814-17,960 / 5,350-5,400 levels. On the downside 17,530 / 5,242 levels may act support for the day.

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Intraday Stock Tips : Stock Tips For Fri 09th, July'10

Stock Tips For Today : Free Intraday Tips For Fri, 09th July'10

Buy Apollo Tyre above Rs 69 :
Buy Apollo Tyre above 69 with target of Rs 71-73 and stoploss of Rs 67.5.

Buy Jubilant Organosys above Rs 370 :
Jubilant Organosys has corrected today from a high of Rs 394 and possibly, it can correct by Rs 6-10 more. It will be more comfortable buying this stock in the region of Rs 370-375 and target of Rs 395 is possible.

Buy SBI target above Rs 2,348 :
SBI is likely to achieve the highest core operating profit growth among state-owned banks. We recommend Buy, SBI with a target price of Rs 2,385-2410 and stoploss of Rs 2330.

Buy Amtek Auto on declines:
Amtek Auto has not moved much and can be picked up at current levels or possibly some declines of a couple of percent. I recommend Buy this stock for target of Rs 192-195 with stoploss of Rs 185.

Buy Amara Raja Batteries at current Price :
On the daily chart, Amara Raja Batteries has given an upside breakout, considered to be an important bullish signal. Buy the stock at current levels and on decline to the levels of Rs 188 for a short term target of Rs 196 and stoploss of Rs 186.

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Stock Market Tomorrow : Nifty Technical Views

Stock Market Tomorrow; Market prediction for tomorrow

After breaking the diagonal channel Nifty is now trading in a sideways trend with a resistance at 5,300 & 5,380 level and support at 5,230 & 5,170 level. Today Nifty Spot closed below 5,300 level after such a descent opening. A close above 5,300 level will bring confidence among the bulls. Till time it will be treated as one more consolidation day. Nifty July future closed with 12 point premium today.  On an intraday basis, Nifty spot should find (PIVOT) support near 5,286 & 5,252 level while the resistance will be at 5,330 & 5,364 level.

• Support for Nifty is at 5,275-5,260 and resistance is at 5,320-5,335.
• The Sensex could find supports at 17,440 and 17,400 and resistances at 17,650 and 17,740.

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