Wednesday, February 29, 2012
Intraday Share Market Tips for Today
-BUY Unitech Ltd. Intraday Target 38 Stop Loss 29.
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).