Tuesday, May 08, 2012

Indian Share Market Tips & Nifty Technical Levels For Today, 08th May 2012

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.
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.
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Nifty Technical Levels For Today
PP – 5093, S1 – 5046, S2- 5046, S3 – 4908
R1 – 5184, R2 – 5230, R3 - 5322