Intraday Tips & Nifty Levels For 6 June 12

The Indian market opens for trade this morning on a strong note. Indian shares are expected to trade in range with a positive bias on Wednesday. Sensex is trading at 16174, up 154 points from its previous close, and Nifty is at 4910, up 47 points.

Nifty Support and Resistance Levels:-
R1-5050, R2-5130
S1-4860, S2-4810

Intraday Tips For Today:-

BUY McLeod Russel India Ltd, Target-Rs 305, Stoploss-Rs 280

BUY BF Utilities Ltd, Target-Rs 425, Stoploss-Rs 380

SELL ITC Ltd, Target-Rs 215, Stoploss-Rs 230

SELL Ranbaxy Laboratories Ltd, Target-Rs 460, Stoploss-Rs 490

SELL Tata Motors Ltd, Target-Rs 205, Stoploss-Rs 230

BUY Hero MotoCorp Ltd, Target-Rs 1920, Stoploss-Rs 1830