INTRADAY STOCK TIPS FOR TODAY: Market Open at High Note

Tuesday, October 30, 2012

Market Open at High Note | Intraday Tips

Market Open at High Note :- Stock Market indices are likely to open on a positive note taking cues from Asian peers. The trade is expected to turn rangebound ahead of the Reserve Bank of India's policy review meeting today.Nifty Trading below 5,630 level index can decline to the level of 5,581 followed by 5,547.

Intraday Tips Today :- Buy V-GUARD IND. above 443 for target of 445 with stop loss of 438.

Buy MUTHOOT FIN. Above 188 for target of 190 with stop loss of 185.

HAVELLS INDIA sell below 584 for target of 580 with stop loss of 590.

BHEL sell below 225 for target of 222 with stop loss of 230.

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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."