Thursday, March 22, 2012
Stock Market Trend and Tips for Today
The Indian Stock Market trend was soft this morning. The US markets closed flat with a mixed bias with Dow down with 45 points and Nasdaq up with 1 point while Asian market is trading mix this hour.
Sensex trading at 17595 down 6 points from its previous close and Nifty is trading at 5358 down 6 points from the previous close. CNX midcap is 0.1% up and BSE Smallcap index is up from 0.04%. The Market is breadth is negitive with NSE having advances at 359 against declines of 371.
L & T contributed in the rise of Sensex with 39.05 points and was followed by ICICI Bank with 39 points, TCS with 26.74 points and Infosys with 24.75 points and HDFC with 23.91 points while ITC contributed in the fall of Sense with 2.54 points and was f9ollowed by ONGC with 2.45 points and Hindalco with 2.29 points and Sun Pharmar with 0.45 points and Hero Motocorp with 0.17 points.
Among the major gainers in Sensex were the L&T, Tata Steel, TCS, ICICI Bank and Bharti Airtel and the Major losers in sensex were Hindalco Industreis, ONGC, ITC, Sun Pharmara and Hero Honda Motors.
BHEL BUY call with Intraday Target of 275 and Stop Loss of 265.
ONGC BUY call with Intraday Target of 285 and Stop Loss of 265.
M&M BUY call with Intraday Target of 725 and Stop Loss of 690.
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