Money Guru Market Outlook:
The markets traded in a range today and closed with moderate gains. Tech, IT and metal were the best performers in today's session while FMCG, healthcare and consumer durables tried to pull the markets down. The Sensex closed at 17432, up 131 points from its previous close, and the Nifty shut shop at 5270, up 34 points. The CNX Midcap index closed with 0.5% gain while the BSE Smallcap index was also up 0.5% in today's trade. The market breadth was positive with advances at 711 against declines of 561 on the NSE. The top Nifty gainers were Bharti Airtel, HCL Tech, ACC and Sesa Goa while the biggest losers included IDFC, Reliance Communications, Reliance Power and Dr Reddy's.
Money Mantra Stock Watch:
Today market expected to open in positive note and buying will be seen at dips. Technically from now we can see some more pullback rally in IT- sector, sugar and auto sectors. For short term view some stocks seems to positive breakout are INDIANBANK, HAVELLS, GREATOFF, JAICORP, KPIT, EDUCOMP, DLF, ACC and AMBUJACEM.
Money Guru Nifty Advisor:
Finally, Nifty settled the day with a gain of 34 points at 5270 level. Nifty has moved in overbought zone, also it is very close to the upper line of the channel shown in the chart. Traders are suggested to be cautious of long positions at this level. However Nifty has a strong resistance around 5300-5330 zone. 5350 may act as key resistance level. 5200-5220 may act as immediate support for the day. For intraday, a decisive stay above 5290 is required to extend the prevailing rally. Intraday traders can buy above 5290 for target 5325/5353. On the downside, traders can reverse the position to short below 5240 for target 5210/5185 levels.
Stock Tips For : 03 Feb 2012
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AMBUJACEM
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BUY AROUND
170.00
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STOPLOSS
168.00
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TARGET
174 - ???
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Technically Breakout
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Stock in News :
- Bharti Airtel 385.85
24.55 (6.79%) Vol :25.32m
In 2G case, Supreme Court says, all spectrum issues on or post Jan 2008 would be cancelled. So buzz that co may get more spectrum
- Unitech 25.10
-1.85 (-6.86%) Vol :72.48m
Supreme Court cancelled 122 2G licenses issued after January 2008. 22 licenses of Uninor got cancelled.
- Ashok Leyland 26.85
-1.75 (-6.12%) Vol :20.26m
Ashok Leyland Q3 net rises 54.4% to Rs 67 cr, which comes in below estimates of Rs 121 cr
- Hero Motocorp 1970.85
38.70 (2%) Vol :739.65k
Hero MotoCorp's January total sales rise to 5.20 lakh units vs 4.66 lakh units
- Reliance 829.25
-1.95 (-0.23%) Vol :4.9m
Natural gas priced to be raised to USD 7 from current USD 4.2 under new policy regime in 2014 – The Financial Express
- Sun Pharma Adv 83.05
-3.50 (-4.04%) Vol :172.1k
SPARC posts Q3 loss at Rs 17.9 cr vs pofit Rs 2.9 cr
- Binani Ind 116.20
5.50 (4.97%) Vol :7.58k
Binani Industries acquires 100% stake in 3B (Belgium-based fibreglass co) from Platinum Equity for 275 million Euro
Future Stock Premium
Track Record on 02-Feb-2012 |
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HINDALCO
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AT (Rs)
155.50
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BOOK AT (Rs)
158.50
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PROFIT 1 LOT
6,000.00
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BOOK BY SMS
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EDUCOMP
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AT (Rs)
231.00
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BOOK AT (Rs)
236.00
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PROFIT 1 LOT
5,000.00
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BOOK BY SMS
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TECHM
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AT (Rs)
676.00
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BOOK AT (Rs)
680.00
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PROFIT 1 LOT
2,000.00
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BOOK BY SMS
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IDEA
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AT (Rs)
95.50
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Check Next Day
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BTST RESULT
Track Record on 01-Feb-2012
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SESAGOA |
AT (Rs)
223.00
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BOOK AT (Rs)
226.00
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PROFIT 1 LOT
3,000.00
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BOOK BY SMS
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PVC
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AT (Rs)
180.00
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BOOK AT (Rs)
185.00
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PROFIT 1 LOT
10,000.00
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BOOK BY SMS
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