Daily Stock Market Tips By MarketMagnify

Indian markets nosedived over concern about RBI key rate cut. IIP data for Jan. rose by 2.4%, better than expected. However, CPI data deflated market sentiments.

Indore, India (prHWY.com) March 13, 2013 - Stock Tips For Today:
Indian markets nosedived over concern about RBI key rate cut. IIP data for Jan. rose by 2.4%, better than expected. However, CPI data deflated market sentiments. EUR shares steady after recent rally, Dow climbs record high. Nifty down by 28 pts, settles at 5914. Whereas, Sensex dives by 81 pts to rest at 19565. EUR markets are in flat mode.
Stock Calls :
* BUY TBZ (LCP 251.4) ABOVE 253 TG-257-265

* BUY SUPAR SALES (LCP-229.7) ABOVE 232 TG-236-244

Stock Recommendation For Today:
Our recommendation on Bank of Baroda SELL below 736 for the Target of 726/716.
Market Magnify stock recommendation for 13/03/2013 is Bank of Baroda. Bank of Baroda has been trading in down trend from last many trading session. Now it is consolidating at this level and took resistance around 30 DMA at 747. In today trading session it was down by 0.24%. It's having near support level around 715, below it we can see some more downside movement in the stock. Its strong support level is 685. In short term some downtrend can be expected in the stock. One can go for short position in Bank of Baroda below 736. The stock may test level of 690 in near term.

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