Tuesday, July 03, 2012

Indian Stock Market Trend & Tips for 4th July 2012

Today Indian Stock market ended on a flat note. Yesterday also markets were silent due to weak global data. Investors are also waiting for government's new policies from new Finance Minister. The Sensex closed at 17,425.71 up 26.72 points while Nifty closed at 5287.95 up 935 points from the previous close. Today Indian rupee performed well due to positive sentiments from investors. Telecom shares rallied smartly ahead of cabinet meeting on spectrum pricing today.
Top telecom operator Bharti Airtel shot up over 3% and Idea Cellular spiked 5.4%. Housing finance company HDFC rose 2%. Country's largest private sector lender ICICI Bank gained 0.8% while its rivals State Bank of India and HDFC Bank were up 0.2% each. Shares of state-owned oil & gas companies remained on buyers' radar; ONGC went up 1.44% and GAIL moved up 1.9%. Oil marketing companies like IOC and HPCL advanced 4% each while BPCL was up 1.6%.
Top Nifty Gainers
DLF, Bharti Airtel, Hindalco
Top Nifty Losers
BHEL, Jindal Steel, TCS
Stock Tips For 4th July
Buy Yesbank above 353 with stop loss below 348.50 and target of 360-365.
Sell Grasim below 2680 and stop loss above 2695 and target between 2665-2655.
Nifty Technical Levels For Tomorrow
R2: 5,341.13 R1: 5,314.22 PIVOT POINT: 5,290.08 S1: 5,263.17 S2: 5,212.12