Stock Nifty Future Trades and Tips Today

The Nifty touched a high of 6,415.25 and a low of 6,345 in trade, while Sensex hit a high of 21,483.74 and a low of 21,282.64 on Monday after performance of the Bharatiya Janata Party, winning polls in three states and coming close to a majority in a fourth, sent stocks soaring to record highs. The Nifty is expected to trend up till 6415 in the next couple of days. In this period the key support will be at 6290 and resistance will be at 6415.  At 10:20 IST, the S&P BSE Sensex was down 36.38 points or 0.17% to 21,290.04. The index fell 87.40 points at the day's low of 21,239.02 in morning trade, its lowest level since 6 December 2013. The index rose 1.33 points at the day's high of 21,327.75 in early trade.

Asian stocks edged lower on Tuesday, 10 December 2013, on heightened speculation that the Federal Reserve may be about to start cutting back on its stimulus program. The US central bank currently buys bonds worth $85 billion a month in a bid to hold interest rates low and encourage economic growth in the world's biggest economy. Fed's bond-buying program has been a source of liquidity for most Asian and emerging markets this year.

Market Recomendation
BUY JUST DIAL (LCP-1121.45) ABOVE 1124 TG-1132-1142
BUY RELIANCE CAP(LCP 447.9) ABOVE 449 TG-453-458
BUY TATA COFFEE (LCP 991.45) ABOVE 994 TG-1002-1012
SELL WYETH (LCP-788.35) BELOW 786 TG-779-770

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