Monday, May 28, 2012

Indian Share Market Trend & Tips For Tommorow

Indian Share Market Trend : Indian Share Market settled on a cheery note. It had a gap up opening on favorable global cues. After a positive opening, Nifty inched up on across the board buying. Nifty continued to gain as the session progressed. Afternoon session witnessed some profit booking as Nifty pared some of its day`s gains. However positive openings in the European markets further strengthened the sentiments and Nifty easily surpassed the resistance level of 4,950. Sentiments improved globally, after opinion polls in Greece indicated lead in the upcoming elections for a party in favor of the country`s economic bailout package. Nifty closed with over 1.2% gains. Almost all the sectoral indices closed up in green. IT and pharma company stocks were bit subdued today.
At the close, the benchmark 30-share index, BSE Sensex added 199.02 points or 1.23% at 16,416.84 with 24 components posting rise. Meanwhile, the broad based NSE Nifty climbed by 65.25 points or 1.33% at 4,985.65 with 40 components posting rise.
Indian Share Market Tips For Tommorow
Tata Power Buy call above 92.50 with stop loss below 90 and target of 94.50 – 97.
ONGC Sell call below 252 with Stop Loss below 258 and Target of 246-240.

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