Wednesday, July 18, 2012

Indian Stock Market Trend & Tips For Today, 18th July 2012

Stock Market Trend : The Indian stock market opened flat todays morning. The Sensex opened aorund 9 points lower ar 17097 levels while Nifty opened 5 points down at 5186. Auto Stocks showed weak signals in opening trade with Hero MotoCorp down with 1.2 percent, Tata Motors fell half percent. CNX Midcap index was down 0.1 and BSE Smallcap index is up from 0.2%. The market breadth was negative with advances at 286 against declines of 352 on NSE.  
Stock Market Tips For Today :
-Sell Reliance power at 105 with target of 101 and stop loss of 107.50.
-Sell Pantaloon at 175 with target of 168 and stop loss of 179.
-Sell Reliance Capital at 347 with target of 330 andstop loss of 354.
-Today Nifty can see support near 5150 and 5120. On upper side 5240 and 5280 there
  is a good resistance level for Nifty.

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