Wednesday, February 29, 2012

Intraday Share Market Tips for Today

-BUY Unitech Ltd. Intraday Target 38 Stop Loss 29.
-BUY Bank of Baroda Intraday Target 832 Stop Loss 820.
-BUY UCO Bank Intraday Target 89 Stop Loss 83.5.

The Indian Share Market opens for trade this morning on a strong note, ahead of the GDP numbers. Earlier, the US markets closed with a positive bias with the Dow up 23 and Nasdaq up 18 odd points while Asia is mixed at this hour. Sensex is trading at 17942, up 211 points from its previous close, and Nifty is at 5440, up 65 points.

CNX Midcap index is up 1.4% and BSE Smallcap index is up 0.8%. The market breadth is positive with advances at 630 against declines of 80 on the NSE.

Reliance Industries contributed rise of 24.55 points in the Sensex. It was followed by Oil & Natural Gas Corporation (19.09points), Larsen & Toubro (16.04points), State Bank Of India (15.54 points) and Housing DevelopmentFinance Corporation (11.85 points).

However, Grasim Industries contributed fall of 0.17 points in the Sensex. It was followed by I T C (0.33 points), Infosys (0.33 points), ACC (1.09 points) and Reliance Communications (1.52 points).

All shares in the Sensex settled with a positive note. Biggest were Bharat Heavy Electricals (3.47%), Oil & Natural Gas Corporation (3.24%), Sterlite Industries (India) (2.23%), State Bank Of India (2.04%), D L F (1.90%), and Larsen & Toubro (1.79%).

Nifty Intraday Technical Levels
S1 – 5380, R1 - 5484, S2 – 5484, R2 – 5523, S3 – 5276, R3 – 5588.

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