Thursday, February 23, 2012

Intraday Stock Tips for Today

Bank of Baroda
SELL - Below 813 Target 805 - 780.

State Bank of India
BUY - Intraday Target 2,340 Stop Loss 2,310.

Reliance Communications Ltd.
SELL – Intraday Target 94.

L&T
SELL – Intraday Target 1,300 Stop Loss 1,435.


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The Indian market opens for trade on the day of F&O expiry on a quiet note. Earlier, the US markets ended lower with the Dow down 27 and Nasdaq down 15 odd points while Asia is mixed at this hour.

Sensex is trading at 18188, up 43 points from its previous close, and Nifty is at 5514, up 9 points. CNX Midcap index is up 0.03% and BSE Smallcapindex is up 0.02%. The market breadth is positive with advances at 353 against declines of 337 on the NSE.

State Bank of India contributed rise of 14.98 points in the Sensex. It was followed by Reliance Industries(10.29 points), I T C (5.17 points), Tata Motors (4.72 points) and Oil & Natural Gas Corporation (3.26 points).

Bharti Airtel contributed fall of 16.63 points in the Sensex. It was followed by Housing Development FinanceCorporation (6.51 points), I C I C I Bank (3.41 points), Infosys (2.78 points) and Grasim Industries (2.05 points).

Biggest Gainers in the 30-share index were State Bank Of India (1.81%), D L F (1.34%), Hindalco Industries (1.21%), Tata Motors (0.82%), Bharat Heavy Electricals (0.78%), and Sun Pharmaceutical Industries (0.75%).

On the other hand, Bharti Airtel (2.98%), Jindal Steel & Power (1.78%), Coal India (0.93%), Maruti Suzuki India (0.70%), Housing Development Finance Corporation (0.54%), and NTPC (0.52%) were the Biggest Losers in the Sensex.


Nifty Technical Levels for Today
PP - 5551
S1 – 5469, R1 - 5599
S2 – 5420, R2 - 5680
S3 – 5339, R3 - 5729