Wednesday, September 05, 2012

Stock Market Trend & Tips for Today

Indian Stock market opened with a flat note by tracing global and slipped intially and moved into red due to weak Asian market cues. The market was trading in narrow range in morning session but later was supported by Reliance Industries, Stock Tips. SBI, ICICI Bank, L&T, TCS and BHEL. The Sensex opened lower at 17365 levels while Nifty opened 0.44 percent lower at 5248 levels. Dr.Reddy, HDFC, M&M, ITC, HUL were among the gainers in Sensex and Nifty. RIL, Infosys, Wipro, TCS, ICICI Bank, Sun Pharma, NTPC, BHEL were among the losers in Sensex and Nifty.

Sensex

Last Price – 17440.87, Previous Close – 17,384, % change – 0.32

Nifty

Last Price – 5274, Previous Close – 5253.75, %change - 0.39

Top Gainers (04th September)

BSE Realty – 1522, %Change - +1.59
BSE Oil & Gas – 8243, % Change - +1-10

Top Losers (04th September)

BSE IT – 5732, %Change - -0.05
BSE HC – 7467, % Change - -0.04

Nifty Technical Levels for Today -

R1 – 5290.50, R2 – 5307.00, S1 – 5245.35, S2- 5216.70
Sensex Technical Levels for Today -
R1 – 17493.0, R2 – 17545.04, S1 – 17348.53, S2 – 17256.18

Stock Tips For Today -

Buy IDFC at 128 with stop loss of 127 and target of 131
Buy BHEL at 214 with sopt loss of 212 and target of 218
Buy Pantaloon retail at 137 with stop loss of 135.50 and target of 150
Buy Exide at 145 with stop loss of 140 and target of 165
Sell Axis Bank at 953 with stop loss of 956 and target of 942.