Indian Stock Market Trend & Tips for Today, 10th May 2012

Indian Stock Market Trend for Today : The Indian Stock Market opens with a positive note. The BSE Sensex and Nifty rebound in todays starting trading session after witnessing major fall in previous 3 sessions. Infosys, Reliance Industries, Kotak Mahindra Bank, Hero Motocorp, IDFC supported the Indian Stock Market. The Sensex was up 153.39 points to 16,633 and Nifty went up 49.45 to 5,024.25. Expect Rupee to consilidate at current levels of 53-54/USD

Indian Stock Market Tips for Today, 10^th May 2012

-Sell McDowells at Stop Loss of 665 and Target of 625.

-Buy BPCL with Stop Loss of 690 and Target of 725.

-Buy SBI with Intraday Target of 2150 with Stop Loss of 1900.

-Sell Educomp Solutions with Intraday Target of 162 and Stop Loss of 173.25.

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Intraday Nifty Tips for Tommorow

The markets closed with moderate gains after trading flat throughout the day. The spurt came in the last one hour and capital goods and auto contributed significantly in the upward movement. Healthcare and oil & gas were the biggest losers in today's session. The Sensex closed at 17849, up 76 points from its previous close, and the Nifty shut shop at 5416, up 26 points. The CNX Midcap index closed with 0.9% gain while the BSE Smallcap index was up 0.8% in today's trade. The market breadth was positive with advances at 810 against declines of 636 on the NSE. The top Nifty gainers were Reliance Communications, Tata Motors,L & T and Maruti Suzuki while the biggest losers included Cipla, Tata Power, Siemens and ONGC.

NIFTY SUPPORT & RESISTANC FOR TOMMOROW.......GO HERE>>>

NIFTY FUTURES TECHNICAL OVERVIEW FOR TOMMOROW......GO HERE>>>

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