Stock tips for 23 July 2009

After two choppy day yesterday market came down, technically this is correction, market is still in bull phase or bull trend. This type of corredction is normally good for market. Technically if nifty close below 4399 then nifty may touch 4301 also. That means market is still trading in very high volatile mode.

NIFTY Support/Resistance
RESISTANCE: 4450
SUPPORT: 4340

Religare Securities has advised traders to buy HDIL for target of Rs 250.

India Infoline has advised traders to buy Welspun Gujarat for target of Rs 215.

Nirmal Bang has advised traders to buy Reliance Industries with a stoploss of Rs 1940.

Indices are expected to open higher, says Karvy Stock Broking. It advises to trade long in Nifty from lower support of 4320.