Nifty Trend Today :- Nifty index is expected to open lower on Thursday tracking weak Asian markets after investors shifted their focus on US fiscal cliff from Obama's victory, while investors will keep a close eye on Tata Motors. Nifty will have supports in the immediate run will be around 5,723 and resistance will be at 5,790.
Intraday Stocsk To watch :- Telecom shares will be in focus as the Cabinet is likely to consider today levying one-time fee of around Rs 31,000 crore for the spectrum that incumbent telecom companies hold.
ONGC will be watched ahead of its quarterly results. The company is expected to report a 35 per cent drop in its net profit for the quarter ended September 30 to Rs 5600 crore as compared to Rs 8642 crore reported in the year-ago period, according to ET Now estimates.
Gujarat Alkalies and Chemicals Limited ( GACL), after the company reported 78.18 per cent rise in its net profit to Rs 66.01 crore in the second quarter of the fiscal 2012-13 compared to Rs 37.06 crore in Q2 of previous fiscal, said a company statement.
Jubilant FoodWork after the company reported a 36.63 per cent rise in its net profit to Rs 32.34 crore for the quarter ended September 30, 2012 on the back of robust sales.
Intraday
Nse Tips Today :- Buy CENTURY TEXTILES above 387 for target of 390 with stop loss of 381.
Buy RUSHIL DECOR above 290 for target of 295 with stop loss of 282.
Fill Free Trial Form For More Tips and Updates.
