Monday, April 16, 2012
Indian Stock Market Trend & Tips, 16th April 2012
Stock Market Trend : The Indian Stock market started trade with 0.4% gap today with back of negative global cues. Sensex is trading at 17031 down 62 points from previous close and Nifty is trading at 5188 down 19 points.
CNX Midcap index is up from 0.1% and BSE Smallcap index is up from 0.3%. The market is trading positively with adavnaces at 398 against declines of 344 on the NSE.
Among the top gainers in Nifty and Sensex were Infosys, Ranbaxy, DLF, RCOM, Rpower, SBI while RIL, Wipro, TCS, Sun Pharmar, Bajaj Auto, ONGC, HDFC Bank, BHEL were among the major losers in the Sensex and Nifty. Infosys bounced back with 0.5% gains.
-Hero Motocorp Ltd. BUY call with Intraday target of 2,100.
-BHEL BUY call with Intraday target of 290 and Stop Loss 240.
-ABGSHIP BUY call above 390 Stop Loss below 385 Target 395-400.
-Jindalsteel SELL below 494 Stop Loss above 498 Target 490-486.
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