Stock trading ideas|Nifty seen opening flat

The market proceeded to continue for the second session today, Nifty opens below 6300 with the Nifty confronting resistance at 6300. The volatility in market is because of expiry of December series on Thursday.

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Shares of Larsen and Toubro, BHEL, NTPC and Bajaj Auto soared 1 percent each. Reliance Industries, Infosys, TCS, Bharti Airtel and Dr Reddy’s Labs rose over 0.5 percent.

The morning increases as traders liked to book profit in some top stock in front of the christmas day occasion on wednesday –JP associates& ultra tech cements,Tata motors, Ranbaxy laboratries, JSPL,Indian oil corp,Kotak mahindraYes bank.

 

Idea Cellular Ltd ‘SELL’ call with a target 168/166/164 and a stop loss of Rs 172
DLF Ltd ‘BUY’ call with a target 173/175/177 and a stop loss of Rs 165.50
Punjab National Bank ‘BUY’ target 620/630/640 and a stop loss of Rs 617