Wednesday, March 07, 2012

Intraday Stock Tips for Today

The Indian Stock market today opens this morning on a soft note with the back of weak global cues. Earlier, the US markets ended lower with Dow down 203 and Nasdaq down with 40 odd points while Asia is in red at this hour.

Sensex trading at 17147 down 25 points from its pervious close and Nifty trading at 5209 down 12 points. CNX Midcap index down with 0.4% and BSE Smallcap index is up 0.04%. The market breadth is negative with advances at 162 points against 395 points of decline on NSE.

Tata Steel contributed fall of 6.22 points in the Sensex. It was followed by NTPC (4.74 points), I C I C I Bank (3.66 points), Tata Consultancy Services (3.14 points) and I T C (3.12 points).

However, Oil & Natural Gas Corporation contributed rise of 4.3 points in the Sensex. It was followed by H D F C Bank (3.03 points), Hero Motocorp (2.37 points), Sun Pharmaceutical Industries (1.48 points) and Infosys (0.55 points).

Major Gainers in the 30-share index were Hero Honda Motors (1.04%), Oil & Natural Gas Corporation (0.76%), Sun Pharmaceutical Industries(0.54%), H D F C Bank (0.27%), Wipro (0.09%), and Infosys Technologies (0.03%).

On the other hand, Tata Steel (1.69%), NTPC (1.38%), Tata Power Company (1.20%), Hindalco Industries (1.14%), Jindal Steel & Power (1.13%), and Bharat Heavy Electricals (1.00%) were the major losers in the Sensex.

-BUY Suzlon Energy Ltd. Intraday Target 29 Stop Loss 26.8.
-SELL State Bank of India Intraday Target 2,100 Stop Loss 2,487.
-SELL Tata Power with a target of Rs 100 and stop loss of Rs 112.60.

For More Intraday Tips.......CLICK HERE

Enjoy Our Free Services for 2 Days.....Fill 2 Days Free Trial Form on Right Hand Side >>