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Indian Share market opened on a positive note on the first trading day of the week. Today the two most important events going to decide the share market trend i.e. IIP data and RBI monetary policy. These are two important things that will drive the direction of the market today. If we talk about Nifty trend today then Based on short term averages the Nifty could find difficult to cross resistance level of 4950. If index manages to sustain above 16400 on the Sensex and 4950 for the Nifty, we could see further rally continuing. If the Nifty manages to sustain above 4,800 we can look forward to see higher level in coming weeks.
BEST INTRADAY STOCK TIPS TODAY
Reliance Industries stock tips - SELL with a target of Rs 705 and a stop loss of Rs 772
Hindalco Industries stock tips - BUY with a target of Rs 143 and a stop loss of Rs 126
Jindal Steel stock tips - BUY with a target of Rs 560 and a stop loss of Rs 519
On Mobile stock tips- BUY with a target of Rs 78 and a stop loss of Rs 65.50
Ultratech Cement stock tips - BUY with a target of Rs 1280 and a stop loss of Rs 1179
SOURCE :- NSE INDIA (Click and get more free tips here)
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