Thursday, November 12, 2009

Daily Trading Tips..







  •  Buy Tata Motors with target of Rs 660 and stop loss of Rs 599. The stock is currently trading at Rs 622, up 0.1% on the BSE.
  • Buy Indian Hotels with intra-day target of Rs 96 and stop loss of Rs 87. The stock is currently trading at Rs 89.10, up 0.5% on the BSE. 
  • Buy Motherson Sumi with target of Rs 125 and stop loss of Rs 113. The stock is currently trading at Rs 122.50, up 5.5% on the BSE.
  • The market opens on a flat note with metals, banking and infrastructure stocks opening weak. Earlier, the US markets closed positive with the Dow rising for a sixth straight session and closing up around 44 odd points. Asian markets are looking quite subdued. Sensex is trading at 16866, up 16 points from its previous close, and Nifty is at 5007, up 4 points. CNX Midcap index is up 0.1% and BSE Smallcap index is up 0.1%. The market breadth is positive with advances at 370 against declines of 298 on the NSE. 
  • Short-term traders buy RCom with target of Rs 175 and stop loss of Rs 168. The stock last traded at Rs 171.35, up 1.4% on the BSE. 
  • Buy Balrampur Chini with target of Rs 153 and stop loss of Rs 142. The stock last traded at Rs 144.25, up 0.8% on the BSE
  • The market may have a flat to positive opening today and through the day we could see a good rally.  Nifty will touch 5100 levels and I advises buying GMR Infra with intra-day target of Rs 76 and stop loss of Rs 67.
  • Buy BHEL for gains of Rs 90-100 above Rs 2275.
  • Sell IFCI with target of Rs 49 and stop loss of Rs 53. The stock last traded at Rs 52.30, up 2.1% on the BSE.
  • Buy Eastern Silk with intra-day target of Rs 21 and stop loss of Rs 17. The stock last traded at Rs 17.53, up 18% on the BSE.

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