Tuesday, June 26, 2012

Indian Market Trend and Tips For Tomorrow

Indian Market Trend : It was another dull day for Indian Stock Market as the market closed with moderate gains. The Sensex closed at 16,906 up 24.4 points and Nifty closed at 5121 points up 6 points from the previous close. The CNX Midcap index was up from 0.6% while BSE Smallcap index gained 0.02% in today's trading sessions. Today Oil and Gas were the best performers followed by power. Among the Top Nifty gainers were Gail, Grasim, Tata Power and Power Grid while the Biggest Losers were Sail, HUL, Sesa Goa and Sterlite Industries.
Traders were making more expectations from the government as our economic growth is slowing as the curreny market is also showing the slow growth. The steps taken by the government were not enough for the markets health so the experts believes that in next two or three quarters markets will continue to be challenging.
Indian Market Tips For Tomorrow
-Sell Piramal Healthcare with short term target of 501.
-Sell Hindustan Zinc Ltd. With short term target of 109 and stop loss of 121.
-Buy M&M with short term target of 711 and stop loss of 645.
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