Today's Indian Stock Market Tips, 15th May 2012

The Indian Stock Market opened lower following downtrend in global markets and depreciatoin in rupee . The Sensex was down 11.74 points to 16,204 and Nifty fell 8.2 points to 4,899.60. CNX Midcap index is down from 0.5% and BSE Smallcap index is down from 0.3%. Asian markets were moderately lower today and US markets also closed lower yesterday.

Infosys contributed 15.15 points in the rise of sensex and was followed by L&T, Sun Pharma, Tata Power and Hindustan Unilever. Top Gainers in Sensex were L&T, Tata Power, Sun Pharma and Maruti Suzuki India while DLF, Tata Motors, BHEL and ICICI Bank were the biggest losers in the Sensex. The market breadth was negative with 203 points atinst declines of 485 on the NSE.

Today's Indian Stock Market Tips, 15^th May 2012

-Idea Cellular Ltd. BUY call with Intraday Target of 85.5 and Stop Loss of 80.5

-Jet Airways (India) Ltd. BUY call with Intraday Target of 295 and Stop Loss of
289

-BPCL BUY call with Intraday target of 721 and Stop Loss of 706

-Educomp SELL call at 154 and Target of 140-130-100

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Nifty Technical Levels For Today

PP – 4899, S1 – 4847, S2 – 4813, S3 – 4762, R1 – 4932, R2 – 4913, R3 – 5017