INTRADAY STOCK TIPS FOR TODAY: Stock Market Updates and tips for today

Thursday, June 28, 2012

Stock Market Updates and tips for today

Stock Market Updates :- Today following the overseas global postive cues market will open slightly up today but being the F&O expiry series market may have some volatility and will do choppy session trading.Due to European union summit investors will trade cautiously.Stock market is expected to do rangbound trading session till expiry F&O series.

Stock Market Tips For Today :- JSW Energy Ltd is a 'BUY' call with a target of Rs 57 and a stop loss of Rs 48.

Buy Rolta with stop loss of 75 and target of 80-82.

Buy Gabriel india with stop loss of 49 and with the target of 56-59.

Buy IDFC Ltd with a target of Rs 144 and a stop loss of Rs 131.

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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."