Daily Trading Tips..

Monday, 16 November

•  Buy Shree Renuka Sugars and Dwarikesh Sugar on dips of 2-3% for an upside of 7-8% in 7-8 trading sessions.  
• Buy Tata Power with targets of Rs 1360 and then 1400 and stop loss below Rs 1310. The stock is currently trading at Rs 1341, up 1.1% on the BSE.
• The market opens on a strong note, on the back of good global cues. Earlier, the US markets closed with gains while Asian markets are trading positive. Sensex hit the 17000 mark and is trading at 17035, up 186 points from its previous close, and Nifty is at 5055, up 56 points. CNX Midcap index is up 1% and BSE Smallcap index is up 0.8%. The market breadth is positive with advances at 630 against declines of 88 on the NSE.
• Sell Aban Offshore intra-day target of Rs 1200 and stop loss of Rs 1250. The stock last traded at Rs 1234.75, up 0.5% on the BSE. 
•  Buy Bajaj Hindustan with targets of Rs 238 and 255. The stock last traded at Rs 223.25, up 1.7% on the BSE. 
•  Sell IFCI with intra-day target of Rs 46 and stop loss of Rs 52. The stock last traded at Rs 50.60, down 0.3% on the BSE. 
• Buy Pipavav Shipyard with intra-day target of Rs 62 and stop loss of Rs 56. The stock last traded at Rs 57.15, up 1% on the BSE. 
•  The market is in an uptrend and the Nifty has strong support at 4963 above which the positive upside will remainz. 5100 as the target for today. 
• The market is in an uptrend now and so one can buy into the Nifty with target of 5050 and stop loss 30 points below opening price.
• The market is looking positive and the Nifty has support in the short term at 4950. The market heading to 5070 and then 5200 and advises using all dips to buy.