Thursday, 9 August 2012

Stock Nifty Intraday tips for 9th August

Stock market today

Sensex opened with a swift on Thursday. Sensex climbed up to 100 points in the early morning session. The BSE benchmark was trading at 17,700.04 at 9:20 am in the morning today.

The NSE benchmark, Nifty was up 29 points to 5,367. Nifty touched the intraday high of 5,364.60 and a intraday low of 5,348.20
The index which drive the market up today were - Bank Index, Capital goods, IT index and the Auto stocks.According to the analyst India's industrial output is likely to depreciate by 0.9 percent  as compared to the output recorded in the month of May  which was 2.4 percent.

Stocks in news Today:

M&M rose up 2% after showing 4% rally yesterday due to the due to higher than expected numbers in Q1
The pharmacy leaders, Ranbaxy was up 1% ahead of the June quarter.
Tata Motors too was up 1% today.
On the buyers radar- Asian Paints, L&T, BHEL, PNB, DLF, TCS, ICICI Bank, JP Associates, Reliance Infrastructure, Coal India were the stocks today.
However, Bharti Airtel had a tough start today and it fell another 3% after the lower than expected profit. Similarly, Tata power fell 0.5 % today. Shares of Cairn India fell over 2 percent on the profit booking.

Stocks Intraday tips Today:

stock tips
1.  Buy IRB Infra with a target of Rs 135 and stop loss of Rs 113.90.
    The stock is currently trading at Rs 121.30, up 2% on the BSE.  
2. Buy Ranbaxy with a one-day target of Rs 545 and stop loss of Rs 500.
   The stock is currently trading at Rs 521, up 1.1% on the BSE. 
3. Buy HUL with a target of Rs 490 and stop loss of Rs 472.
    The stock is currently trading at Rs 482, up 1.3% on the BSE.

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