Monday, April 09, 2012

Indian Stock Market Tips for Tommorow, 10th April 2012

The Indian Stock markets closed today with significant losses. Nifty closes below its important level of 5300 while Sensex close at 17221 down 265 points from its previous close and Nifty closed down 88 points at 5234.
The CNX Midcap index was down by 1.8% and BSE Smallcpa index was down by 0.6%. All sectorial indices closed negative with metal, capital goods and power being worst performers. The market breadth was negative with advances at 448 points against declines of 923 on NSE.
Top Nifty Gainers
Ranbaxy, Dr. Rebby, Cipla, HUL
Top Nifty Losers
Hindalco, Cairn, IDFC, Sterlite Industries
Intraday Support & Resistance for Tommorow
ACC - Bullish
S2 – 1290.60, S1 – 1301.30, PP – 1319.15, R1 – 1329.85, R2 – 1347.70
HUL - Bullish
S2 – 397.35, S1 – 400.90, PP – 403.55, R1 – 407.10, R2 – 409.75
PowerGrid – Bullish
S2 – 107.40, S1 – 108.55, PP – 109.70, R1 – 110.85, R2 – 112.00

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