Stocks Intraday Tips For Today 01-Feb

BUY Mahindra Lifespace above 289, TGT 293-295, SL 285.00.

BUY NMDC Ltd. above 179, TGT 182-183.70, SL 176.00.

BUY Jet Airways    above 250.75, TGT 253.20-255.50, SL 247.60

SELL LIC Housing Fin. below 251, TGT 248.35-246, SL 254.25.

    Nifty Futures & Bank Nifty Futures Trading Tips 01-Feb

    Nifty Futures
    Lot Size 50
    Future Expiry : Feb 23, 2012   
    Buy above 5233 for target of Rs 5248-5260 and stoploss of Rs 5215.

    Bank Nifty Futures
    Lot Size 25
    Future Expiry : Feb 23, 2012       
    Buy above 9930 for target of Rs 10020-10110 and stoploss of Rs 9850.

    Nifty Trend For Tomorrow 01-Feb

    Markets traded well today and both indices closed with handsome gains today. Nifty witnesswd good strength and closed in green near 5,200 levels. Buying momentum was seen in majority of sectors and majority of large caps participated in rally. Bulls are again showing momentum strength. Buying interest may be continuing above 5,200 levels. Profit booking may be seen if Nifty does not maintain above 5,200 levels.

    For intraday trading tomorrow, trend deciding level is at 5,200. If Nifty shows strength above 5,200 levels, then rally to 5,250/5,300/5,350 may be seen. If Nifty does not show strength above 5,200 levels then selling pressure till 5,150/5,100/5,050 may also be seen.

    TATA Steel Ltd. - A Best Stock To Pick

    We recommend Tata Steel Ltd. as a buying opportunity. Of course we booked profits at around 458-460 but that's an entry on every decline. 445 is a level where one can buy that and I did not expect the correction to 432, but we are holding onto that. I would add onto this. 

    I expect Tata Steel to go to somewhere around 480. We would add onto the position above 460, so our target over the next week is around 480 in Tata Steel, that would be our best pick in the commodity space.

    Stocks Intraday Tips For 31-Jan

    Dabur India Ltd
    Buy above 93 for target of Rs. 95.50-97 with stoploss of Rs. 91.

    Suzlon Energy Ltd
    Sell below 26.20 for target of Rs. 25-24 with stoploss of Rs. 27.00

    VIP Industries Ltd
    Sell above 109 for target of Rs. 106.30-105 with stoploss of Rs. 111.20.

    Jaiprakash Associates Ltd
    Buy below 65.75 for target of Rs. 66.90-67.50 with stoploss of Rs. 64.85.

    Strides Arcolab Ltd
    Buy above 520 for target of Rs. 527-530 with stoploss of Rs. 515.