Intraday Stock Trading Calls:Nifty Trend

Market Overview : 13th Aug 2012

The Indian share market opens on a quiet and flat note on this morning. Earlier, the US markets ended flat with the Dow up 42 and Nasdaq up 2 odd points while Asia is mixed at this hour. Sensex is trading at 17568, up 10 points from its previous close, and Nifty is at 5323, up 2 points. CNX Midcap index is up 0.2% and BSE Smallcap index is up 0.04%. The market breadth is positive with advances at 341 against declines of 217 on the NSE. Nifty market is likely to be traded in a 100-point range for some more time for today's share market, Overall, the trading band for nifty would be 5370 to 5250 for today's trading day.

Intraday Stock Trading Calls:

SELL Bank of Baroda
Intraday Target - 615.75  
Stop Loss - 629


SELL Allahabad Bank
Intraday Target - 122  
Stop Loss - 128

BUY BGR Energy Systems Ltd.
Intraday Target - 285  
Stop Loss - 270

BUY Opto Circuits India Ltd.
Intraday Target - 148.2  
Stop Loss - 147