Stock Tips And Nifty Tips For 23 Jan 2013

NIFTY VIEW FOR TOMORROW

We could have seen a potential top today since 23rd January 2013 is a natural date aligned with planetary movements on the celestial line. The volumes are missing and Nifty seems tired at the top. What has kept Nifty afloat are the two bellwether stocks – Reliance and Infosys. The former with its resilience and the later with its results. If both Reliance and Infosys compromise their gains then 6000 and 5985 on Nifty Spot is just a nudge away.
HUL took a real whip today and the realty sector was tonked into submission. Banking was a sufferer as well. SBI heralded the slide in the banking stocks.

BUY NIFTY ABOVE 6049 TARGET 6075 – 6089 SL 6028. ABOVE 6096 EXTENDED TARGETS ARE 6110 – 6126 – 6154

SELL NIFTY BELOW 6074 TARGET 6048 – 6033 SL 6095. IF NIFTY STAYS BELOW 6030 FOR 2-3 MINUTES WITH GOOD SELLING PRESSURE THEN EXTENDED TARGETS ARE 6022 – 5995 – 5968

Sell Godrej Industries with a target of Rs 300: Mitesh Thacker 

"Godrej Industries is a sell call with a target of Rs 300 and a stop loss of Rs 318."

Buy IndusInd Bank with a stop loss of about Rs 410: Ashwani Gujral 

"IndusInd Bank is a buy with a stop loss of about Rs 410 and a target price of Rs 435."

Buy Kotak Mahindra Bank Ltd with a stop loss of about Rs 635: Ashwani Gujral 

"Kotak is a buy with a stop loss of about Rs 635 and a target price of Rs 662."

Buy Jet Airways with a stop loss of about Rs 615: Ashwani Gujral 

"Jet Airways is a buy with a stop loss of about Rs 615 and a target price of Rs 645."

"NTPC is a buy call with a target of Rs 174-175 and a stop loss of Rs 160."