Thursday, October 11, 2012

Nifty Rangbound Today |Stock Tips Today

Nifty Has Rangbound Trend :- Nifty is expecting to trade at negative bias with rangbound session tracking weak Asian markets.Nifty is now expected to take resistance around 5,689 and head lower till 5,600 in the short term. The key supports in the immediate run will be around 5,600 and resistance will be at 5,689.Nifty has taken resistance at the upper end of the upward sloping channel, ie 5,815, and is expected to correct in the short term till 5,600. 

Stock Tips Today :- Sell SIEMENS below 680 for target of 675 with stop loss of 687. 

Sell APOLLO HOSPITALS below 730 for target of 725 with stop loss of 740. 

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Infosys Q2 Result :- Infosys fell 0.6 percent ahead of its second quarter earnings that are due to be announced tomorrow morning.