INTRADAY STOCK CASH TIPS ON 8TH-SEPTEMBER-2010
Buy Jaiprakash Associates Ltd. above 118 stop loss Rs 113 target 128
Sell Bharti Airtel Ltd. below 340 stop loss Rs 346 target 334
Sell Tata Steel Ltd. below Rs 568 stop loss 571 target 545
Buy Gujarat NRE Coke Ltd. above 63.95 stop loss Rs 63 target 69
Buy KRBL Ltd. above 33 stop loss Rs 30 target 35
Sell UCO Bank below 115 stop loss Rs 119 target 105
Buy Satyam Computer Services Ltd. above 94 stop loss Rs 79 target 125
MARKET VIEW FOR TODAY
he Nifty is facing strong resistance at 5640 The long-term outlook on the market is bullish but we are likely to face another leg of correction which could bring the Nifty down to 5520-5540. Among the frontliners, Tata Steel, Axis Bank, Wipro, Infosys, DLF, Idea Cellular, TCS, Bharti Airtel, Hindalco, ICICI Bank, SBI and Reliance Industries were witnessing selling pressure and Sun Pharma, GAIL, Cairn India, ONGC and Suzlon Energy were on buyers' radar in early trade. CNX Midcap index is down 0.3% and BSE Smallcap index is down 0.03%. The market breadth is negative with advances at 335 against declines of 527 on the NSE.
