Stock Intraday Tips for Today
Tata Global Buy above 123.50 with Stoploss of 118 and Target is 132.
Reliance Infrastructure Buy, Target – 540, Stoploss – 484.40.
Buy ITC with Stoploss – 254, Target - 265.
Market Trend Today :- Today Tuesday 31st July is one of the much awaited days when RBI, is scheduled to announce first quarter review of the monetary policy. Some analysts are betting on 25 BPS Cut in key policy rates, and a majority of them feel that the Central BAnk was not in a position to cut rates given the current Macro-Economic situation. In view of above Tuesday (31st July) is considered to be a totally uncertain day, and no guarantee could be given as the Market directions. in a nutshell, RBI Policy outcome will dictate the Market Trend along with Global Cues will also play critical role.
Nifty Trend Today :- Today as per the “BOLLINGER BAND”, Nifty (Spot) if able to cross and sustain above 5228, then some good recovery can follow in the Market. else if it breaks and trade below 5156 then the market will start showing the weakness & in worst possible of situation the Nifty (Spot) may come down up to 5034 (final support of bollinger band) & for your information 5277 is considered to be the rock solid Resistance of Nifty (spot) for the time-being.
Commodity Market Trend :- International Market Gold light while silver has seen modest growth. COMEX Gold with 0.20% fast is trading at $ 1624. Silver half per cent with strength up to $ 28Oz. MCX Gold on Monday closed at Rs 29 780 with dull trading. while Silver with 1.20% up closed to Rs. 53 860.
NYMEX Crude Oil is traded with 0.25% fast and price is $ 89/Barrel. MCX Crude oil on Monday decline 0.5% and closed down to Rs 5,000. London Metal Exchange (LME) Copper is trading with gain of 0.5%. MCX Copper on Monday up 0.20 % to close at Rs 419.
