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Monday, February 18, 2013

Hot Picks>Stock Tips>Nifty Trend>MCX Calls & Market Outlook

INTRADAY STOCK TIPS TODAY:
1. Buy Balrampur Chini with a target of Rs 54 and a stop loss of Rs 49.30
2. Buy Jet Airways with a target of Rs 650 and a stop loss of Rs 603
3. Sell HOEC with a target of Rs 72 and a stop loss of Rs 92.50

MCX TIPS: On Friday MCX closed at 1189.80. Technically we can suggest to go for LONG-TERM and Sell with Stoploss of 1248.59.
MCX Support Resistance Levels:
Resistance 2    1238.00 Resistance 1    1218.14
Pivot    1184.60
Support 1    1161.46 Support 2    1141.60

NIFTY OUTLOOK: The Nifty is showing difficulty in trade as it is looking choppy today. Some upward movement is present as lot of stocks and the index seem oversold which are moving lower very fast. Hence we could be range bound between 5840 to 5950.

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