Stocks Intraday Tips For Today 02-March

Jaiprakash Associates Ltd
Sell above 74.50 for target of Rs. 73.20-72.50 with stoploss of Rs. 75.50.

Titan Industries Ltd
Buy above 229 for target of Rs. 233.30-236 with stoploss of Rs. 225.60.

Oil & Natural Gas Corpn Ltd
Sell above 288 for target of Rs. 285-283 with stoploss of Rs. 291.20.

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Stock Futures & Options Trading Tips 02-March

RELIANCE CAPITAL LTD
Lot Size 500
Future Expiry : Mar 29, 2012   
Buy below 428 for target of Rs 440 and stoploss of Rs 423.

APOLLO TYRES LTD
Lot Size 4000
Future Expiry : Mar 29, 2012       
Buy above 82.90 for target of Rs 87 and stoploss of Rs 81.

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Buy United Phosphorus On Declines - Long Term Perspective

As far as United Phosphorus is concerned, I am a bit surprised not because of the warning but because of the kind of treatment that the market has meted out because this continues to remain a good company in a more or less secular growth of 15-18% considering the kind of geographies that is present. Even if in a given year, the growth targets are missed by a few percentage basis points since the stock continues to remain pretty cheap at around 9-10 times, so it should not have made a world of difference but that's the market for you and longer term investors should actually take advantage of these declines and maybe buy United Phosphorus from the long-term perspective.

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Nifty Intraday Outlook For Tomorrow 02-March

It was another choppy session for Indian Stock Markets, which lead markets to close in red with substantial losses. Nifty witnessed selling pressure for second consecutive day. Nifty has important support zone in 5,300-5,270 zone. If Nifty manages to hold this zone the recovery may be seen else selling pressure may be continuing. On upside, Nifty has resistance in 5,400-5,450 zone. 

For intraday trading tomorrow 02-March, trend deciding level is 5,350. If Nifty shows strength to trade above 5,350 levels, then rally to 5,400-5,435-5,475 may be seen. On the downside if Nifty does not show strength above 5,350 levels then selling pressure till 5,300-5,260-5,225 may also be seen.

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Nifty Futures & Bank Nifty Futures Tips 01-March

Nifty Futures March 29, 2012
Buy Nifty Futures above 5430 for price target of Rs. 5475-5510 with placing a strict stoploss of Rs. 5402. ELSE
Sell Nifty Futures below 5386 for price target of Rs. 5350-5320 with placing a stoploss above 5410.

Bank Nifty Futures
Buy Bank Nifty Futures above 10555 for price target of Rs. 10640-10730 with placing a strict stoploss of Rs. 10501. ELSE
Sell Bank Nifty Futures below 10480 for price target of Rs. 10410-10350 with placing a stoploss above 10524.

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