Tuesday, January 10, 2012

Indian Stock Tips for Today - 10th January 2012

Indian Stock Tips for Today - 10th January 2012
  • SELL Larsen & Toubro Ltd. Intraday Target 1,072 Stop Loss 1,108
  • SELL Bharti Airtel Ltd. Intraday Target 320 Stop Loss 328.75
  • BUY State Bank of India Intraday Target 1,703 Stop Loss 1,648
  • SELL Tata Steel around 366-367(cash rate) stop loss 372 , target 360-354
Indian markets are expected to trade higher on Tuesday tracking positive Asian markets backed by positive revenue growth in U.S. aluminium producer Alcoa.According to experts, in the short-term, the markets are likely to move in a range and take cues from corporate earnings, RBI meet and IIP data for direction due later this week. The Indian market opens for trade this morning on a positive note. Earlier, the US markets ended flat with the Dow up 32 and Nasdaq up 2 odd points while Asia is in the green at this hour. Sensex is trading at 15974, up 159 points from its previous close, and Nifty is at 4786, up 43 points. CNX Midcap index is up 0.7% and BSE Smallcap index is up 0.6%. The market breadth is positive with advances at 484 against declines of 116 on the NSE.