Wednesday, May 23, 2012
Indian Share Market Trend & Tips For Thursday
Indian Share Market Trend : The Indian Share Market closed lower following weak European cues and rupee fall. Today Rupee touches record low. Nifty closed below 4850 levels. Sensex closed at 15,928.77 down 97.64 points and touched high of 16,002.03 and low of 15,847.03. Nifty closed at 4,831.80 down 28.70 from previous close and touched high of 4853.75 and low of 4803.95. BSE Midcap was down 0.44% while BSE Smallcap index was 0.52% down.
The Indian rupee has seen fall of 20 percent in last one year. This decline in rupee creates challenges for the economy. As foreign investors prefers to stay away from the markets.
Indian Share Market Tips For Thursday :
-Ranbaxy buy call above 503.50 with Stop Loss below 495 and Target of 512-520.
-Tata Power sell call below 86 with Stop Loss above 88.65 and Target of 83.50-81.
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