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Indian Stock Market Tips - 30th January 2012 -
-BUY Wipro Ltd. Intraday Target 425 Stop Loss 416.
-SELL Maruti Suzuki India Ltd. Intraday Target 1,140 Stop Loss 1,200.
-BUY Bharat Heavy Electricals Ltd. Intraday Target 278 Stop Loss 252.
-SELL Hero MotoCorp Ltd. Short Term Target 1,730 Stop Loss 1,850.
The Indian market opens for trade the first day of a new week on a negative note. On Friday, the US markets ended lower with the Dow down 74 odd points while Asia is in the red at this hour. Sensex is trading at 17098, down 135 points from its previous close, and Nifty is at 5162, down 42 points. CNX Midcap index is down 0.4% and BSE Smallcapindex is down 0.1%. The market breadth is negative with advances at 217 against declines of 361 on the NSE.
Nifty Technical Levels for Today -
S1 5180 R1 5233, S2 5149 R2 5255, S3 5127 R3 5286
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