Friday, April 13, 2012
Stock Market Trend & Intraday Tips for Today, 13th April 2012
Stock Market Trend : The Indian Stock market opens with a very quite note and trade with more than 50 points gap due to Infosys poor FY13 number but strong global cues turned market positively. Infosys disappointed by its guidance for financial year 2012-13. The Infosys stock opened with a fall of Rs 300 while TCS was dropped by 5%.
Sensex is trading at 17354 up 21 points from the previous close while Nifty is at 5288 up 11 points from previous close. CNCX Midcap is traing up 0.7% and BSE Smallcap index is up from 0.4%. The market breadth is positive with 568 points advances against declines of 172 on the NSE.
Intraday Tips for Today
-AxisBank BUY call above 1197, Stop Loss below 1190, Target 1210-1229.
-Dr. Reddy SELL call below 1693, Stop Loss above 1703, Target 1684-1668.
-Tata Power Company Ltd. BUY call, Stop Loss 104.7, Target 106.85.
-United Spirits Ltd. SELL call, Stop Loss 713, Target 690.
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