Nifty Newsletter/ Nifty future Tips/ Stock Market Nifty/ Nifty Trading for 21st Jan 2013

Market levels for nifty:

Today Nifty index will have quite strong resistance at 6086. If it manages to cross 6086, it may reach 6100 and 6117 . If it Happens then bulls may take nifty to 6131.
It can take on other side, below 6040 level, nifty may be dragged down to 6050 by bears. One can see some more action below 6009. If nifty manages to cut 6009, it may touch 5995. Support for bulls acting at 5980 level.

Sectors looking bearish

1. Bankex

2. IT

3. CD

Sectors looking bullish

1. Power

2. FMCG

3. Auto

Intraday Stock Tips For Today 

BUY Aurobindo Pharma Ltd. Short Term Target 212 Stop Loss 188.50 

BUY G M Breweries Ltd. Long Term Target 110 Stop Loss 64

BUY Oil India Ltd. Short Term Target 630 Stop Loss 550

SELL Picturehouse Media Ltd. Long Term Target 24 Stop Loss 30 

BUY Wipro Ltd. Short Term Target 466 Stop Loss 390 

BUY Indian Oil Corporation Ltd. Long Term Target 450 Stop Loss 315

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