NIFTY TIPS FOR TOMORROW
Power Grid Corporation of India Ltd(Hold)
The stock is stuck in a long-term sideways trend. It is likely to touch the major resistance of 120. It offers support at 95 levels. Hold the stock.
HDFC Bank Ltd(Hold)
The bank’s performance has improved over the last 1 year. It recently announced a stock split which is a positive news. Business prospects are good. Can buy on dips of 5-10 per cent.
Reliance Power Ltd(Hold)
Reliance Power Ltd(Hold)
Power projects have long gestation period. The demand for power has been increasing at a rapid pace. R Power has a number of big projects in the pipeline. The stock is expected to rise 50 per cent from the current levels if it is held for 2-3 year
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