Tuesday, February 28, 2012

Indian Share Market Tips for Today

SELL Larsen & Toubro Ltd. Intraday Target 1,250.

SELL Power Finance Corporation Ltd. Intraday Target 180 Stop Loss 192.

BUY Indian Overseas Bank Intraday Target 104 Stop Loss 99.1.

SELL M&M in the range of Rs 710-700 with a target of Rs 675 and stop loss of Rs 730.

The Indian Share Market starts trade this morning on a firm note after a string of weak sessions. Earlier, the US markets ended mixed while Asia is also mixed at this hour. Sensex is trading at 17610, up 164 points from its previous close, and Nifty is at 5328, up 47 points. CNX Midcap index is up 1% and BSE Smallcap index is up 0.7%. The market breadth is positive with advances at 532 against declines of 110 on the NSE.

The Realty Index was at 1,857.74, up by 31.29 points or by 1.71%. The major gainers were Godrej Properties (2.81%), Anant Raj Industries (2.38%), Housing Development and Infrastructure (2.17%), D B Realty (1.64%) and D L F (0.95%).

The Consumer Durables index was at 6,426.30, up by 105.74 points or by 1.67%. The major gainers were Titan Industries(2.22%), Bajaj Electricals (1.68%), T T K Prestige (1.2%), Gitanjali Gems (1.18%) and Rajesh Exports (0.08%).

The Metal Index was at 11,635.04, up by 148.53 points or by 1.29%. The major gainers were Hindalco Industries (1.68%), JSW Steel (1.4%), Coal India (0.73%), Jindal Steel & Power (0.43%) and Hindustan Zinc (0.37%).

The Bankex index was at 11,738.39, up by 149.11 points or by 1.29%. The major gainers were Canara Bank(2.36%), Federal Bank (1.78%),Bank Of Baroda (1.74%), Bank Of India (1.26%) and H D F C Bank (0.14%).

Nifty Technical Levels For Today
S1 – 5276, R1 - 5428, S2 – 5225, R2 – 5529, S3 – 5124, R3 – 5580.

Nifty Technical Levels for Tommorow......GO HERE

Nifty Jackpot Calls.......GO HERE

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