Wednesday, April 18, 2012
Intraday Stock Tips and Trend for Today, 18th April
Stock Market Trend : The Indian Stock market opens with strong response with BSE Sensex was up by 0.9 percent in early trade led by ICICI Bank, Tata Motors and RIL while the Nifty was up by 0.8 percent to 5,333.40.
Global markets have seen significant rally overnight and might open with a gap. Due to rise in quarterly net profit, HCL Technologies rose over 5% in early trade.
CNX Midcap index is up 0.6% and BSE Smallcap index is up from 0.4%. The market is trading positively with advances at 549 against declines of 111 on the Nse.
It is now essential for Nifty to sustain levels above 5360 to regain momentum but a lot will depend on the nature of market at critical levels.
Intraday Stock Tips for Today
- L&T BUY call at 1345 with Target of 1365-1385-1400.
- Polaris BUY call at 158 with Stop Loss of 152 and Target 163-168.
- Crompton Greaves SELL call with Intraday Target of 133 and Stop Loss of 137.
- State Bank of India BUY call with Intraday Target of 2,400 and Stop Loss of
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