INTRADAY STOCK TIPS FOR TODAY: Indian Market View| Stock tips Today

Tuesday, June 12, 2012

Indian Market View| Stock tips Today

Indian Market View For today :- Stock market expecting a weak to rangbound trading session following soft global cues and European bailout for Spain's debt-stricken banks did little to convince investors that the spread of the debt crisis in Europe will be contained.Today indian market will trading between the range of 4985 to 5085.

Stock tips For today :- Syndicate Bank is a 'BUY' call with a target of Rs 109 and a stop loss of Rs 96.

Mphasis is a 'SELL' call with a target of Rs 315 and a stop loss of Rs 360.

Jindal Steel & Power Ltd is a 'SELL' call with a target of Rs 415 and a stop loss of Rs 440.

Voltas Ltd is a 'BUY' call with a target of Rs 116 and a stop loss of Rs 104.

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CapitalVia Global Research Head of Research Vivek Gupta said: "The good thing to cheer for the investors is that now they own a stake in the company which is much more clean in all the aspects and is amongst the top-five IT companies." Via moneycontrol.com Commenting on the outlook, the broking firm CapitalVia Global Research said, "Next week, if gold sustains above the level of 26,430 then by breaking the level of 26,890, it may touch the level of 27,250. But if it fails to sustain above 26,430 then may touch the level of then it may test the level of 25,311/25,200. For silver 42,800 may act as good resistance. For the next week, traders can sell on higher level strategy, if MCX Silver September futures sustains below 41,080 then it could test the levels of 40,340/ 39,900." Via myiris.com Vivek Gupta, head of research, CapitalVia Global Research said, "Technically, Nifty is likely to consolidate in the upcoming session and remain bullishly poised. Major resistance for upside is 6,080 with the crossing of which 6,150 can be touched. For downside, major support is at the level of 5,850 and 5,750."