Monday, May 07, 2012

Indian Stock Market Tips for Today, 07th May 2012

The Indian Stock Market opens today with a weaker note. BSE Sensex started trading with 250 points gap on the first day of the week while NSE Nifty broke the 5000 level. Sensex is trading at 16591 points down 239 points from the previous close and Nifty is trading at 5009, 77 points down from previous close.
CNX Midcap index is down from 1.7% and BSE Smallcap index is down from 0.7%. Banking sector took big knock with Bank Nifty falling over 2.5%, SBI, ICICI Bank, Axis Bank and Bank of Baroda were also down from 35. L&T, Hindalco, BHEL, Tata Steel, Reliance Industreis, Infosys and DLF dropped by 2-3%.
Indian Stock Market Tips for Today
-CIPLA BUY call above 327 with Stop Loss below 322 and Target of 332-335.
-ABAN SELL call below 387 and Stop Loss above 392 and Target of 382-378.
-CANARA BANK SELL call at 425 and Target of 403.390.
-TTK Prestige Ltd. SELl call with Intraday Target of 2600 and Stop Loss of 3200.
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