Nifty Tips
The market managed to
close in positive note and August series of Nifty ended above 5300
level. Nifty closed this series 5% up.
The Nifty closed at
5,320.20, up 32.40 points or 0.61 per cent. It touched a high of
5,342.80 and a low of 5,255.05 in trade today.
Nifty Futures closed at
5315 at gain of 18.40 points . After gap down opening nifty made a
low of 5258.70 and covered from lower level . It has first
resistance close to the level of 5338 & above this level the next
resistance is seen near the 5385 mark. It has first
support close to the level of 5278 & below this level the next
support is seen near 5250 level.
Intraday Stocks To Pick
Tomorrow-
Jaypee Infratech-
The stock took a downward momentum after Samajwadi Party
government scrapped the contract given to the company for a 30
km-long Agra inner ring road. The shortcovering was seen later and it
is expected to rise tomorrow. A buy above 43.30 to target
43.70-44.00 is recommended.
Lupin can be another day trading pick.
Buy above 593.00 for the targets of 596-600 level.
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