The
Indian
Share Market
opens flat in todays trading session. BSE Sensex and NSE nifty saw a
sharp swing today. US markets ended mixed with Dow Jones down for
continous fouth day. Sensex is traidng at 16870 down 42 from previous
close and Nifty is at 5103 down 10 points from previous close.
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CNX
Midcap index is 0.5% up and BSE Smallcap index is up from 0.1%. Share
of leading software companies TCS, Infosys, HCL and Wipro were down
from 3-4%.
The
Indian rupee opened at 52.83 per dollar. It is possible that Oil
prices could offer some support to the rupee. The range for the day
is between 52.90 and 53.20/USD.
Indian
Share Market Tips For Today - 08th
May 2012
-State
Bank of India
BUY call with Intraday Target of 2065 and Stop Loss of 1985.
-Jindal
Steel & Power
BUY call with a target of 526 and Stop Loss of 486.
-SAIL
BUY call with Intrtaday Target of 98 and Stop Loss of 91.25.
Nifty
Technical Levels For Today
PP
– 5093, S1 – 5046, S2- 5046, S3 – 4908
R1
– 5184, R2 – 5230, R3 - 5322