Intraday Stock Calls|Nifty Futures Tips Trend Range Levels 24 February:- Today the Indian markets could open flat to positive and expected to remain volatile in a narrow range. In experts view market to witness resistance at higher levels and correct during the latter half of the session. Markets closed lower for the second straight day on Thursday as investors squared up positions at the monthly derivatives expiry, and tracking weakness in most Asian markets. Market turned bearish as investors booked profits.
Nifty Range For Today: On the downside, Nifty has a strong support at 5,450, while the resistance is at 5,535. Among the sectoral indices, Realty & Metals continue to look weak, while FMCG, Oil & Gas & Power could outperform.
Corporate Market Updates Today:
• SKF India Ltd has reported net profit of Rs 208.49 crore in the year ended
December 31, 2011, as against Rs 177.02 crore in the previous year.
• Ranbaxy Laboratories consolidated net loss widened to Rs 2,982.7 crore in the
fourth quarter ended December 31, 2011, over the same period previous year.
• Lupin has reached a patent litigation settlement agreement with US.
Intraday Technical Calls Today:
1) Buy ITC with a Stop Loss - 203 and Target - 220
2) Buy Infosys with a Stop Loss - 2850 and Target - 3100
Sell Aban Offshore, Buy Bank Of India, Buy IOC, Buy Tata Motor DVR .Get TARGETS & STOP LOSS :Fill The Free Tips Form
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