Today
Indian Stock Market opened in a consolidation mode ahead of
expiry tomorrow. The Sensex slipped 70 points to 18524 and Nifty
down 23 points to 5650.80. INTRADAY TIPS. Indian Stock market
are not getting any major correction due to consistent flow of
foreign money. ICICI Bank, L&T, Tata Motors, ONGC, Bharti Airtel,
Infosys, Axis Bank and SBI were under pressure on opening trading
session.
Experts
believes that Nifty may reach target of 5755 in near term and this
level will act as a major resistance of Nifty however before that
5,704 is the expected resistance and if nifty break this level then
next possible level is at 5,755. If Nifty reaches above that level
then next resistance level will be 5791 and after that it may find
major resistance at 5828. In Downward 5651 is the first support for
Nifty and if it break this support level then Nifty may find strong
support at 5527.
Experts Recommendation -
This
week Infosys, Gail, Dish TV shares are looking
good on charts.
Infosys
yesterday closed at 2,596.50 and now its next target will be 2645 and
stop loss will be 2543.
Gail
closed at 383.50 yesterday and its next target will be 391 and stop
loss will be 374.
Dish
TV closed at 77.90 yesterday and now its next target will be 81
with stop loss of 74.
Buy
NTPC at 165 with stop loss of 162 and target of 171
Sell
Pantaloon at 206 with stop loss of 209 and target of 193
Buy
Ranbaxy at 530 with stop loss of 522 and target of 550.
Buy
Wipro at 377 with stop loss of 372 and target of 410.
Buy
IDBI Bank at 98 with stop loss of 95 and target of 108.