Tuesday, May 08, 2012

Indian Share Market Trend & Tips for Tommorow, 09th May 2012

Indian Share Market Trend : The Indian Share Markets closed with extremely poor note. Today Nifty ends below 5000 mark which is lowest close since January 18. Nifty Sensex, were the worst performing indices in Asia and Europe today. Nifty advance-decline ration was 1:7 while Sensex Advance-decline ration was 1:5.
Sensex closed at 16518 down 398 points and Nifty closed at 4986 down 127 points from the previous close. Experts says that dont expect Nifty to break 5150-5180 levels.
Top Nifty Gainers
Hindalco, Coal India, Gail
Top Nifty Losers
JP Associates, TCS and BHEL
Index Losers
CNX IT 3.1%, Bank Nifty 2.9%, BSE Power 3%.
Indian Share Market Tips for Tommorow
Hindustran Petroleum Corporation Ltd. Sell Call with Short term target of 296 and Stop Loss of 304.
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