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Market Update 

The market rallied quite sharply since the  Budget day. Yesterday it was the highest single-day gain (777 pts) in seven years , the Sensex rallied another 300 points today.but investors must make sure  not to over invest in stocks. A great opportunity to balance your portfolio.

The market continues to surge ahead with support from banks. The Sensex is up 392.48 points or 1.6 percent at 24171.83, and the Nifty is up 131.35 points or 1.8 percent at 7353.65. About 1823 shares have advanced, 337 shares declined, and 80 shares are unchanged.

Although Oil Prices dropped Today as Industry data revealed a huge build in US crude stockpiles.

Top Stocks to Buy today -PSU banks,Tata Steel,Hindalco
Today's Tip -Buy Utlratech cement with a target of Rs 3300

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Market News

Market opens in Green on Monday

The market opens with green sign on Monday a loss of about 6 %  last week. The 30-share BSE Sensex showed a upsurge of 296.17 points or 1.29 %  to 23282.29 and the 50-share NSE Nifty aslo escalated  97.65 points or 1.40 % to 7078.60.

About  811 shares advanced against 168 declining shares on the BSE. Bank of Baroda also jumped up at about  15.47 % despite showing losses in Q3 due to higher provisions.
Top Gainers : Vedanta, Tata Steel, Adani Ports, PNB, Axis Bank, Hindalco and SBI .

Stocks in News

Top Stocks Today

Stocks to be observed today are : 

GAIL India

Bharat Forge Ltd

Tata Motors Ltd.

Oriental Bank of commerce

Union Bank Of India

ENIL

SRF Ltd

Bombay Dyeing

TV today Network

Balrampur Cheeni

Gillette India Q2 results

Gillett,reults today,e India : NET Profit rose at 41.04% worth 51.99 Crores

Gillete reported rise in earning and gained  worth 51.99 Crore for the quarter that ended on 31st December 2015.While the net Sales was around Rs 508.28 Cr.

Revenue from its flagship grooming segment grew by 8.88 per cent to Rs 371.13 crore compared with Rs 340.84 crore last fiscal, while its oral care segment sales declined by 15.63 per cent to Rs 108.5 crore as against Rs 128.61 crore reported in the corresponding period in the previous year.

Intraday stock tips for 26th December 2011

• BUY L&T with a target of Rs 1050 and stoploss at Rs 975
• BUY Dabur with a target of Rs 106 and stoploss of Rs 97
• BUY BPCL with a stoploss of Rs 502 and for target of Rs 520 and Rs 528
• SELL ARVIND at Rs 72, with a stoploss of Rs 74 and target of Rs 68
• BUY ADANI ENTERPRISES at Rs 322, with a stoploss at Rs 319 and target of Rs 328
• BUY PRAJ IND AROUND 73 STOP LOSS AT 71 TARGET 77
• BUY MRPL AROUND 55.5KEEP STOP LOSS 54 TARGET 59
• SELL TULIP TELE STOCK AROUND 116 STOP LOSS 118 TARGET 111
• SELL CESC STOCK AROUND 206 STOP LOSS 210 TARGET 195

Daily Analysis of Stocks - 23rd December 2011

AXIS BANK -

R2   -   903.47 

R1   -   890.73

PP   -   865.57

S1   -   852.83

S2   -   827.67
The stock remained range bound during the trading hours and ended up on a positive note. It is now facing a resistance at 896 and has support at 852. One should wait for sometime in stock till it consolidates for a while as it may remain volatile in this range.

Resistance - 896      Support - 852

BAJAJ AUTO -

R2   -   1643.3 

R1   -   1628.75 

PP   -   1605.45

S1   -   1590.9

S2   -   1567.6
The stock has shown either side movement during the trading hours and ended up on a negative note. It is now facing a resistance at 1630 and support has support at 1583. The stock has been consolidating with negative biasness from past few trading sessions. Breaching of the support level may take stock further down.

Resistance - 1630        Support - 1583

GRASIM INDUSTRIES -

R2   -   2457.33 

R1   -   2434.67 

PP   -   2397.33

S1   -   2374.67

S2   -   2337.33
Today the stock has managed to cross the strong resistance of 2410 and traded with a moderate gain throughout the session. It is still following the major sideways trend having support at the level of 2380. Above the next resistance level of 2440 it is likely to trade with the bullish trend else it may consolidate with the sideways movement.

Resistance - 2440         Support - 2380