Nifty Trading Strategies & Share Tips for Today

Nifty today moved above the crucial level of 5,125 and closed near to it. Nifty is having resistance at 5,176 and 5,246 while the support is there at 5,001 and 4964 levels. On upside Nifty may face some resistance in 5,200-5,250 zone and on downside Nifty also has important support in 5,000-4,950 zone. For daily purpose, trend deciding level is 5,125, if Nifty shows strength above 5,125 levels, then rally to 5,150/5,200/5,250/5,300 may be seen. If Nifty does not show strength above 5,125 levels then selling pressure till 5,075/5,025/4,950 may also be seen.

Trade long in Nifty above 5,100-5,120 levels for targets of 5,150-5,170 levels with stop loss placed at 5,000 levels.

Axis Bank
CMP: Rs 1,116
Target Price: 1,555
Upside %: 39

ICICI Bank
CMP: Rs 881
Target Price: 1,193
Upside %: 35

Infosys
CMP: Rs 2,264
Target Price: 3,200
Upside %: 41

L&T
CMP: Rs 1,621
Target Price: 1,903
Upside %: 17

Lupin
CMP: Rs 471
Target Price: 593
Upside %: 26

Mphasis
CMP: Rs 358
Target Price: 420
Upside %: 18

RIL
CMP: Rs 1,099
Target Price: 789
Upside %: 39

Mahindra Satyam
CMP: Rs 76
Target Price: 89
Upside %: 18

Tata Steel
CMP: Rs 495
Target Price: 614
Upside %: 24

United Phosphorous
CMP: Rs 144
Target Price: 208
Upside %: 44

Finolex Cables
CMP: Rs 40
Target Price: 59
Upside %: 47

Greenply Industries
CMP: Rs 192
Target Price: 311
Upside %: 62

Jagran Prakashan
CMP: Rs 109
Target Price: 148
Upside %: 36

Relaxo Footwears
CMP: Rs 319
Target Price: 399
Upside %: 25

Tata Sponge Iron
CMP: Rs 303
Target Price: 429
Upside %: 42