Thursday, March 29, 2012

Indian Share Market Trend & Tips for Today

The Indian Share Market opens with a weaker note on the day of F&O expiry. US markets ended lower with the Dow down with 71 points and Nasdaq down tieh 15 odd points while Asian market is trading red in this hour.

Sensex is trading at 17003 down 118 points from the previous close and Nifty is 5154 down 40 points. CNX Midcap index is down by 0.8% and BSE Smallcap index is up by 0.1%. The market is trading negatively with adavnces at 156 points against declines of 479 on the NSE.

Infosys contributed in the fall of Sensex with 23.85 points and was followed by L & T with 14.41 points, ICICI Bank with 11.53 points, Housing Development Finance Corporation with 10.45 points and Oil & Natural Gas Corporation with 7.62 points.

Infosys contributed fall of 23.85 points in the Sensex. It was followed by Larsen & Toubro (14.41 points), I C I C I Bank (11.53 points), HousingDevelopmentFinance Corporation (10.45 points) and Oil & Natural Gas Corporation (7.62 points).

However, Grasim Industries contributed rise of 1.45 points in the Sensex. It was followed by Sun Pharmaceutical Industries (0.64 points), Bharat Heavy Electricals (0.63 points), Hindustan Unilever (0.68 points) and Reliance Communications (1.16 points).

Biggest gainer in the 30-share index was Sun Pharmaceutical Industries (0.23%).

On the other hand, Tata Power Company (1.84%), Hindalco Industries (1.83%), Larsen & Toubro (1.72%), Sterlite Industries (India) (1.64%), Infosys Technologies (1.46%), and D L F (1.44%) were the biggest losers in the Sensex.

Share Tips for Today
-Cipla BUY call above 303 Stop Loss below 299 and Target of 307-310.
-Cairn SELL call below 338 Stop Loss above 342 and Target of 334-330.
-Bank of Indian Sell call below 345 and Target of 320 – 275.
-McDowell BUY call with Target 589-620.
-Welcorp SELL call at 133 and Target of 127-125.
 Click here for more Indian Share Market tips.