Thursday, May 24, 2012

Shares Market Tips For Friday

The Shares Market made substantial gains today with banking and oil & gas sectors leading the rally. The BSE Sensex and NSE Nifty gained nearly 2% following recovery in Indian rupee from its record low. The BSE Sensex closed at 16,222.30 and NSE benchmark closed above 4900 level at 4921.40. The CNX Midcap index was 0.8% up while BSE Smallcap index gained 0.7% in today's trading sessioin. The Live market breadth was positive with advances at 892 against declines of 512 on NSE. Europen markets too turned positive after initial downtrend.
Top Nifty Gainers
ONG, Bharti Airtel, Bank of Baroda and Ranbaxy
Top Nifty Losers
JP Associates, Cairn India, Maruti Suzuki and HUL
Shares Market Tips For Friday
M&M Buy call above 653.50 with Stop Loss below 643 and Target of 664.
JP Associates Sell call below 58 with Stop Loss above 61.50 and Target of 54-52.
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