Free Intraday Tips for Tomorrow 8 August
Despite of sluggish International Market signals, Indian Market were able to sustain its strength. BSE Sensex up 189 points to 17 602 and NSE Nifty closed at 5337 with up by 54 points. Midcap and Smallcap stocks was 0.4% strong. Indian Market opened with light strong due to slowdown in Asian markets
Market appeared enthusiasm due to the strong buying in IT, Tech and Auto stocks. In the first hour of trading Nifty rose 5300 above critical level. After that market went increasing strength. Sensex up 150 points and Nifty rose 50 points.
Today Sensex jumps 200 points and Nifty came very close to 5350. At the end of trading market showed profit showed profit booking at higher levels.
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IT stocks surged between 2% despite of Rupee strong. Realty, Auto, Tech, Bank stocks rose from 1.7 to 1%. FMCG, Capital Goods, PSU, Metal, Power stock was stronger 0.75 to 0.5%. Consumer Durables, energy, healthcare shares was dull. Tata Motors, IDFC, DLF, Ambuja Cement, GAIL, TCS, Axis Bank, Jaiprakash Associates, SBI, ICICI Bank, SAIL, Jindal Steel, HCL Tech, Tata Power rose from 4 to 1.5%. Jet Airways and SpiceJet had strong second day. Jet Airways 2.5% and SpiceJet 12% rose.
Cern India, Hero Motocorp, Power Grid, BPCL, Ranbaxy, Bharti Airtel, Sesa Goa, Sun Pharma, Asian Paints, Kotak Mahindra Bank weaker by 1.4 to 0.4 per cent.
Nifty Midcap Stock - Bharat Forge, NCC, Reliance Capital, Educomp, Voltas, Indian Hotels, HDIL, Punj Lloyd went from 4 to 1.5%. BSE Midcap Stock - Money Matters, Everonn Education, V - Guard Industries surged between 20 to 13.25%.
Intraday Stock Tips for Tomorrow 8 August
Petronet LNG Buy with stick Stoploss of 184 and Target is 155.
Buy BF Utilities Stoploss – 425, Target - 440 – 445.
Ranbaxy Buy, Target - 516 – 521, Stop loss – 500.
Max India buy above 185, Target – 190 - 197, Stoploss – 181.
