Wednesday, March 28, 2012

Stock Intraday Tips for Tommorow

The Indian Stock markets closed in the red today with consumer durables and banking being the biggest losers. The Sensex closed at 17138 (provisional), down 120 points from its previous close, and the Nifty closed at 5196 (provisional), down 47 points. The CNX Midcap index was down 1.1% and the BSE Smallcap index lost 1%. The market breadth was negative with advances at 383 against declines of 1079 on the NSE.
The markets were down today with consumer durables and banking being the biggest losers. The Sensex closed at 17138, down 120 pints from its previous close and Nifty closed at 5196 down 47 points. The CNX Midcap index was down from1.1% and BSE Smallcap index lost with 1%. The market breadth was negative with advances at 383 against declines of 1079 on the NSE.
ICICI Bank contributed 25.3 points fall in the Sensex and was followed by Infosys with 22.26 points, Reliance Industreis with 17.16 points, State Bank of Indian with 14.36 points and HDFC with 13.9 points.
The major gainers in the Sensex were Tata Steel with 1.58%, Gail (Indian) with 0.52%, ITC with 0.44%, Larsen & Toubro with 0.38% and Tata Power Company with 0.21%.

Intraday Tips for Tommorow

-Bank of India Buy call with short term target of 375 and Stop Loss of 340.9.
-Indian Cements Ltd Buy call with short term target of 125 and Stop loss of 112.5.
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