Intraday Stock Tips for Today 30 March 2012

The Nifty opened gap down and traded higher towards the end of the day. The Nifty as expected broke the 5,170 mark but closed above it. The Bank Nifty looks weaker than the Nifty and since it has a heavy weightage on the Nifty it could drag the Nifty lower to 5,080 - 5,040 levels in days to come. Nifty is having resistance at 5,203 and 5,260 while the support is there at 5,145 and 5,111 levels.

Buy Cummins India with a price target of Rs 537 as against the current market price (CMP) of Rs 462.

Hold Larsen & Toubro`s (L&T) with a price target of Rs 1,470 as against the current market price (CMP) of Rs 1,320.

Buy Gujarat State Petronet (GSPL) with a price target of Rs 98 as against the current market price (CMP) of Rs 75.

Buy Petronet LNG with a price target of Rs 210 as against the current market price (CMP) of Rs 163.

Sell Indraprastha Gas (IGL) with a price target of Rs 363 as against the current market price (CMP) of Rs 376.

Sell Gujarat Gas Company (GGCL) with a price target of Rs 358 as against the current market price (CMP) of Rs 392.

Buy Zensar Technologies with a price target of Rs 220 as against the current market price (CMP) of Rs 180.

Buy Shriram City Union Finance with a price target of Rs 690 as against the current market price (CMP) of Rs 611.