Nifty Tips and stock for 14th August 2012

Nifty On Tuesday

Nifty opened flat in for the second trading day this week. The Bombay Stock Exchange shed nearly 21 points in the early trade today. The decline was due to the July inflation data amid profit-booking by speculators.
Though the BSE benchmark Sensex closed with a gain of 75.71 points on Monday, slipped by 20.43 points on Tuesday morning. The 30 share index opened at 17,613.02. The decline in the Sensex was due to the stocks of capital goods, healthcare and realty falling on the profit booking.
The broader based National Stock Exchange Index NIFTY decreased by 8.30 points to 5,339.60

According to the Brokers, investors became cautious ahead of the July inflation numbers to be released in the later part of Tuesday.

Tata Steel and Hindalco industries declined 1% after the June quarter results. The pharmaceuticals, Sun Pharma also shed 2%. Bank index was also trading down with Kotak Mahindra and HDFC Bank and Axis Bank trading under pressure. Larsen and Toubro and Infosys were also trading in red.
Coal India hopped up 2% after the Q1 results today. 

Among the buyers radar stocks were- BHEL, State bank of India, ICICI Bank, ITC, Ranbaxy Labs, Reliance Industries.

Stocks in NIFTY today:

1. Buy Jain Irrigation with a target of Rs 92 and stop loss of Rs 84.

    The stock is currently trading at Rs 85.80, down 1.2% on the BSE.  

2. Buy Asian Paints with a target of Rs 3950 and stop loss of Rs 3690.

    The stock is currently trading at Rs 3778, up 0.1% on the BSE.

HURRY

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