Stock Nifty Tips 18 Sept 2013

nifty-tipsMarkets opened at a flat note and were unable to gain momentum as found resistance on higher side and finally settled on a flat note in the same narrow range on daily charts. Nifty future has stuck in narrow range of 5800-5950 since last few sessions and needs to give a proper breakout on either side to decide the trend further. Now, in the coming sessions FOMC and RBI Policy are the key events. Technically, any closing below 5800 will drag it towards deeper support.

TREND: SIDEWAYS

SUPPORT      :  5840 & 5800
RESISTANCE:   5930 & 5970

Daily Stock Market Trend

  • Sensex ends up 66 points; IT up 2%, Realty down 1%.
  • European shares pause near 5-year highs.
  • Sesa Goa jumps ahead of hearing on mining case.
  • GMR Infra up 3.5%, sells 74% in road project for Rs 222 cr.
  • Dr Reddy’s secures US FDA approval of Azacitidine for injection.

Intraday Stock Tips

HINDALCO EQ BUY ABOVE 115.35 TARGETS 116.50/117.65/118.85 SL 114.20
TITAN EQ SELL ABOVE 219 TARGETS 216.80/214.60/212.40 SL 221.20

Future Stock Tips

ADANIPORTS FUT SELL BELOW 132.35 TARGETS 131.35/130.35/129.35 SL 133.35
TATAGLOBAL FUT SELL BELOW 148.35 TARGETS 147.35/146.35/145.35S SL 149.35

 http://trifidresearch.com Call – 8878998007

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