Friday, March 02, 2012
Indian Stock Market Tips for Today
The Indian Stock Market opens with a flat to positive note on the last day of trading. The US market ended quiet with Dow up 28 points and Nasdaq up with 22 odd points while Asia is in green at this hour.
Currenctly Sensex trading at `7638 up 54 points from its previous close and Nifty is up 16 points and is at 5356. CNX Midcap index is up from 0.6% and BSE Smallcap index is up from 0.5%.
The market breadth is positive with advances at 480 against declines of 115 on the NSE.
ICICI bnak contributed in the rise of Sensex with 11.69 points and was followed by Larsen & Toubro with 10.38 points, Relinance Industries 9.65 points, Infosys 6.73 points and Tata Motors 6.71 points.
However ONGC contribuded in the fall of Sensex with 14.19 ponts and was followed by DLF 5.48 points, Reliance Infrastructure 0.43 points, HDFC Bank 0.34 ponts and Wiprto 0.34 points.
Major Gainers in 30 share index were Jindal Steel & Power (1.97%), Bharat Heavy Electricals (1.32%), Tata Motors (1.21%), Larsen & Toubro (1.17%), NTPC (1.16%), and Hero Honda Motors (1.14%).
Majore Losers in Sensex were DLF (4.78%), ONGC (2.45%) and HDFC Bank (0.03%).
Nifty Tips for Today
Buy Nifty Above 5400 Stop Loss 5375 Target 5425-5440.
Nifty Technical Levels For Today
PP – 5383, S1 – 5339, R1 – 5425,
S2 – 5297, R2 – 5469, S3 – 5253, R3 - 5511