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Thursday, March 27, 2014

Nifty Overview and Intraday Stock Tips Today

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Nifty Overview Today

Yesterday, Nifty market opened on a positive note and jumped above 6600 mark and made a high of 6627. In the afternoon sessions, nifty witnessed some profit booking and made a low of 6580 and finally ended at the level 6601 with a gain of 0.18%.

The Advance Decline ratio was almost 5:6. Nifty has breached 6600 mark yesterday, indicating a strong uptrend. Thus any correction is a good buying opportunity. We maintain bullish view on Nifty with our target of 6950. On the downside market, Nifty has immediate term support at 6425, however, the short term support remains at 6200 in today's stock market.

Nifty Chart

Today's Nifty Trade Levels: 27th March 2014

Support Level 1: 6578
Support Level 2: 6556
Resistance Level 1: 6625
Resistance Level 2: 6650

Intraday Stock Tips Today

Buy Hindalco @ 125.40 SL 122.30 TGT 131
Buy IDFC @ 115.10 SL 111.90 TGT 121

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