Wednesday, July 11, 2012
Stocks strategy |Nifty Trend For Today
Nifty Trend For Today :- Nifty is expecting to start its trading session on weak note due to cathing the weak asian market on growing worries of a slowdown in global economy might weigh on corporate earnings growth.Nifty is now expected to head higher till 5400 with support around 5300 in the short term. The index had been trading range bound between 5263 and 5333.
Stocks Strategy For Today :- Essar Oil, after the company has offered to invite fresh bids to determine the price of coal bed methane (CBM) produced from its Raniganj block to address the oil ministry's doubts over tendering process conducted about 11 months back.
SAIL, after India's largest steelmaker and Japan's Kobe Steel have signed an agreement to set up half a million tonne iron nugget plant using the Japanese steelmaker's patented technology.
Stock Tips For Today :- GMDC is a 'BUY' call with a target of Rs 205 and a stop loss of Rs 190.
HDIL is a 'BUY' call with a target of Rs 100 and a stop loss of Rs 85