Stock Trade Tips

Today Tips 04-Jan
The Indian market opens for trade this morning on a flat-to-negative note. Earlier, the US markets ended higher with the Dow up 180 and Nasdaq up 43 odd points while Asia is mixed at this hour. Sensex is trading at 15919, down 19 points from its previous close, and Nifty is at 4756, down 9 points. CNX Midcap index is up 0.1% and BSE Smallcap index is also up 0.1%. The market breadth is positive with advances at 330 against declines of 264 on the NSE.

Buy HUL with a target of Rs 425 and stop loss of Rs 403. The stock is currently trading at Rs 405.25, down 0.6% on the BSE.

Buy LIC Housing Finance with a target of Rs 236 and stop loss of Rs 221. The stock is currently trading at Rs 229.40, up 1% on the BSE.

Buy Allahabad Bank between Rs 124-125 with 2-3 day targets of Rs 130 and 132 and stop loss of Rs 120. The stock is currently trading at Rs 124.05, down 0.1% on the BSE.

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