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Monday, October 1, 2012

HUL Outlook, NSE Intraday Trading Tips, Nifty Levels & Trend For Today 1 October

NIFTY INTRADAY TIPS:
Buy above 5722 with Stop Loss- 5702 for Targets 5741 -5760 -5779 -5798 -5817 -5836 -5855.
Sell below 5684 with Stop Loss- 5704 targets 5665 -5646 -5628 -5609 -5590 -5572 -5553.
INTRADAY STOCK TIPS TODAY:
Bata India : Buy with a target of Rs 1005 and a stop loss of Rs 963.
Sun Pharmaceutical : Buy with a target of Rs 714 and a stop loss of Rs 687.
Hot Stocks for Today: SAIL, BHEL, NMDC, Maruti Suzuki, Lupin, Zydus, Essar Power, RIL.
HUL: We expect October will see some long awaited profit booking and subsequent price correction to some 480-500 levels in HUL. Its an expensive stock so cautious trading is suggested. Hope this Dusshehra marks the beginning of the end of such unreasonably expensive valuations in all asset classes.
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