Wednesday, 2 January 2013

Today Nifty is hover near 5986.55-6017.00. The trend is consolidated; index did not take a high movement but it is trading around psychological level of 6000. Global cues giving positive support.

Among sector Index, FMCG, PSU bank, and Finance declined. Bank Nifty trading below 0.16%. top Nifty Gainers are Dr Reddy’s Lab, ambuja Cement, Cairn India, ACC and Infosys. Lupin, PNB, Sunpharma, Bank of Baroda and Hindalco are in Nifty loser pack.

JET Airways shares surged 6% gain on morning trade hits 615.00 on morning session. Gulf carrier Etihad Airways invested in JET Airways and the deal likely to be completed in this week.

Stock Recommendation

Bullish stock: Dr Reddy Lab, IDFC, Tata Motors, Bajaj Auto, Axis Bank,SBI.

F&O Tips: Buy Bank Nifty Future Jan 31 Target 12780.00.



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