INTRADAY STOCK TIPS FOR TODAY: Nifty Open Soft

Friday, October 19, 2012

Nifty Open Soft | Free Equity Tips Today

Nifty Opening :- Today nifty have soft opening tracking mixed Asian markets, while investors will keep a close eye on TCS and ITC ahead of their quarterly results.Nifty should get into an uptrend which could possibly take us to levels of 5880 to about 5820 on the upside.

Free Equity Tips Today :- Buy EROS INT. Above 171 for target of 173 with stop loss of 167.50.

Buy CENTURY TEXTILES above 405 for target of 408 with stop loss of 400.

Stocks to buy or sell today :- Tata Consultancy Services Ltd, ITC Ltd,Adani Power Ltd ,Adani Port,Coal India Ltd.

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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."