Tuesday, April 3, 2012
Live Stock Tips, Gold Updates, Nifty Trend Today 3 April
Today Indian equity markets started trade on a strong note on the back of firm global cues. Although in experts views positive trend for the markets is intact. There are few stocks in news they are BEML, ONGC, Reliance Power, Indian Oil Corporation, Tata Global, Hero MotoCorp, Kingfisher Airlines, HCC, Mahindra & Mahindra, Coal India, Ashok Leyland.
1) Cipla: Buy above-312 Target1-318 Target2-321 Stop Loss-309
2) Sintex Industries : Sell below-109.90 Target1-107.90 Target2-106.90 Stop Loss-110.9
NSE Nifty Range, Support-Resistance Levels For Today:
Today Nifty is expected to trade in the range of 5340-5420. If it get support near 5350 levels then one can buy Nifty with targets of 5385 and 5408. And if it takes resistance near 5420 then one can go for short position. Today Resistances for Spot Nifty is seen near 5360 and 5400 levels and Supports are seen near 5290 and 5260 levels.
Gold Updates, Silver Trend Today, MCX Bullion Tips:
Gold- Gold futures have hardly changed from prior closing at the early Globex session and are likely to remain strong for the day. Gold prices moved higher, trying to move again closer to US$1,700/ounce levels. Giving respite to the economic data front from US, a slight pull back in dollar can be seen in evening but today we think it will be remain the same.
GOLD (June) :Sup1-28460 Sup2-28310 Sup3-28200 Res1-28690 Res2-28760 Res3-28860