Wednesday, May 23, 2012
Stock Market Trend And Tips For 23rd May 2012
Stock Market Trend : The Indian Stock Market opened lower. BSE Sensex and NSE Nifty opened lower following Greece concerns and fall in rupee. Rupee hits 55.75 dollars. Both indices opened 0.4% lower in todays opening trading session. Sensex trading at 15957 and Nifty is at 4839 down 21 points from previous close. CNX Midcap index is down with 0.4% and BSE Smallcap index is down with 0.1%. Market is trading negative with advances at 188 against declines of 492 on the NSE.
Stock Market Tips For Today :
-Jet Airways Sell call between 306-308 with target of 285 and stop loss of 316.
-Pantaloon Retail (India) Ltd. Buy call with intraday target of 140 and stop loss of 134.
-Apollo Tyres Sell call with target of 75 and stop loss of 85.
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Nifty Technical Levels For Today
PP 4872, S1 4803, S2 4761, S3 4693, R1 4913, R2 4981, R3 5023.
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