Today Indian Stock Market is likely to trade in the range of 5100 and 5185-5200 and we could even test 4980-4950.
News Update :
- The Haryana Govt. asked #MarutiSuzuki to pay Rs2.35 bn to farmers as compensation for land acquisition.
- AshokLeyland said it will raise about Rs16.50 bn in FY13 as part of its capital expenditure plans.
- US home prices saw 0.2% value growth in Q2CY12; 1st increase since ‘07
- Moody’s lowered its outlook for Germany, Netherlands and Luxemborg to negative from stable.
- Jindal Steel & Power plans to acquire Canadian coal miner CIC Energy Corp for Rs6 bn in an all-cash deal.
- TataPower has started generating electricity from the second 525-MW unit of Maithon power project in Jharkhand.
- Debt Market Update: 10 year yield likely to move in the range of 8.03% - 8.08% level on Wednesday.
- Hero MotoCorp plans to set up an integrated state-of-the-art research and development centre in Rajasthan.
Stock Intraday tips today :
- INFY sell below 2162 cmp 2169
- Adani Ports Fut (Reco Price 115 SL 112 Trgt 118) on long side
- Lnt Fut (Reco Price 1370 SL 1400 Trgt 1340) on short side for one day trading.
- BUY TATASTEEL FUT AT 396 SL 390 TGT 408-410
- CAIRN AT DAY HIGH 324.3 TGT 333-340
Nifty Updates and Tips :-
- Long positions can be created in Nifty Futures in the range of 5120 - 5110 with SL of 5070 and target of 5170 - 5180.
- Intraday resistances are at 5160 & 5200 and supports are at 5090 & 5050.
- BUY: NIFTY-5200-CE@2.5...TGT: 27-43.
Major Results Today:-
Biocon,GTL Infra, JSW Ispat,Jublfood,MRF,NIIT,Powergrid,Raymond,SRF,Vardhman Tex,Vijaya Bank,Yes Bank.
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