Stock Nifty Tips Today

Nifty updates: Outlook Stocks In News today

The Stock Market opened on the weak cues on Wednesday as the traders booked profits near intermediate resistance levels.
The Stock market is still hopeful for some form of reforms after the Cabinet reshuffle.
P. Chidambram will be new Finance Minister and Sushil Kumar Shinde will be heading the position of new Home Minister. Veerappa Moily will take care of the additional charge of power.
The Bombay Stock Exchange benchmark, Sensex rose up 7.35 points to 17,243.53 and the NSE benchmark was up 0.6 points at 5.229.60.
Coal India, Sterite Industries, ICICI Bank and HDFC Bank were trading under pressure.
The pharma Company, Cipla, shot up 6% after more than expected numbers for the FY13.
The Bank index was trading high with SBI, Kotak Mahindra Bank, Bank of Baroda on the buyer's radar. 
However, Tata Power, Hindalco, Reliance industries, ICICI Bank, HDFC Bank, SAIL, Tata Motors, L&T and ITC were trading in red in the early morning session.


The CNX Midcap Index shot up 10 points to 7,179.


Tata Power, SAIL, Sterlite, Hindalco, ICICI Bank, HDFC Bank, Reliance Industries, Tata Motors, ITC and L&T were under pressure in early trade.

The CNX Midcap Index rose just 10 points to 7,179. The market breadth was neutral. The BSE Midcap Index rose up 0.7 percent and the BSE Small Cap Index hopped up to 0.06 percent.

In the Sectoral Index, BSE Metal Index was trading under pressure and declined by 0.40 percent

But the BSE Healthcare  Index was up 0.95 percent.

Stock Nifty Tips for Today:

1.  Buy CESC with a target of Rs 315 and stop loss of Rs 290.  The stock is currently trading at Rs 302.35, up 1.7% on the BSE. 
2. Sell Balrampur Chini with a target of Rs 50 and stop loss of Rs 56.20. The stock is currently trading at Rs 54.10, up 0.1% on the BSE.