Saturday, March 24, 2012

Stock Market Trend & Tips for Monday

The stock market markets closed with pleasant declines on the last week of the day. The biggest losers were the metals, power, oil & gas while Healthcare and IT closed with positive note. The Sensex was down by 0.7% while the Nifty lost around 0.8%.
The CNX Midcap index was up by 0.2%, BSE Smallcap lost with 1.2% and Bank Nifty closed with 0.8% loss during the week. The BSE Auto was down by 1.7% while the BSE Power lost with 2.6% and BSE healthcare closed with 1.4% gain.
The BSE IT was up with 0.3%, BSE metal lost with 2.7% while BSE Oil & Gas lost 2.2% over the week. Among the top Nifty gainers were Sun Pharma, HUL, Hero Motocorp and ITC while the biggest losers were Jindal Steel, IDFC, Reliance power.
The level of 5375 will act as major hurdle for the market. On the lower side 5,150-5,180 will act as a major support for the market and dismissal of 5,150 may result into sell of to 5,010 minimum and maximum to 4950 levels.
Closing above the level of 5,375 can take index to the level of 5,550-5,600. Investors will look for index stocks to buy around 5,200 levels.

Stock Tips For Monday

-Sesa Goa Ltd. BUY call with short term target of 220 and Stop Loss of 190.
-Dish TV India Ltd. BUY call with short term target of 67 and Stop Loss of
Click here for more tips.

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