Indian Market Trend and Tips For Tomorrow

Indian Market Trend : It was another dull day for Indian Stock Market as the market closed with moderate gains. The Sensex closed at 16,906 up 24.4 points and Nifty closed at 5121 points up 6 points from the previous close. The CNX Midcap index was up from 0.6% while BSE Smallcap index gained 0.02% in today's trading sessions. Today Oil and Gas were the best performers followed by power. Among the Top Nifty gainers were Gail, Grasim, Tata Power and Power Grid while the Biggest Losers were Sail, HUL, Sesa Goa and Sterlite Industries.

Traders were making more expectations from the government as our economic growth is slowing as the curreny market is also showing the slow growth. The steps taken by the government were not enough for the markets health so the experts believes that in next two or three quarters markets will continue to be challenging.

Indian Market Tips For Tomorrow

-Sell Piramal Healthcare with short term target of 501.

-Sell Hindustan Zinc Ltd. With short term target of 109 and stop loss of 121.

-Buy M&M with short term target of 711 and stop loss of 645.

Click here for more Tips

Market Trend & Tips for Tommorow, 10th May 2012

Market Trend :

Top Nifty Gainers

ITC, Ranbaxy, Bajaj Auto, TCS, IDFC, HCL tech, sun Pharma BPCL, Ambuja cem, Hindalco.

Top Nifty Losers

Jp Associates, DLF, Kotak Bank, SBI, Rel Power, M&M.

Indices

-Sensex closed at 16482.49 down 63.69 point

-Nifty closed at 4974.80 down 25.15 point

-BSE Midcap closed at 5977.77 down 56.12 points

-Bank Nifty Futures closed at 9371.60 down 185.25 points.

SmallCap Gainers

Entegra, Rallis India, Suprajit Eng, Shrenuj & Co.

Market Tips for Tommorow, 10^th May 2012

-BHEL BUY call above 223 with Stop Loss below 219 and Target of 227-232.

-SAIL SELL call below 91 with Stop Loss above 92.30 and Target of 89.50-87.

Click here for more Tips

Get Tommorow Market Trend & Tips on your Mobile !! Take 2 days Free Trial Now !!

Stock Market Review

Stock Market Review For Today : NSE Nifty dropped below 5250 level due to sell off in Reliance, TCS , SBI and L&T whereas BSE Sensex fell more than a percent in todays trading session. Atlas Cycle Industreis increased basic custom duty on bicycles from 10% to 30% and on bicyle parts from 10% to 20%.

The BSE benchmark was down 187points at 17,278.91. State Bank of India dropped by 2.7% percent while ICICI Bank and HDFC Bank were down by 1.5%. Housiong Finance company HDFC slipped by 2% while Reliance Industreis, Infosys, L&T, Coal India, Tata Power and DLF went up 0.7%.

Top Nifty gainers were ITC, M&M, Sun Pharma and Cairn Indian while the losers were Reliance Infra, IDFC, BHEL and Reliance Power

Stock Tips

-BHEL BUY call with short term target of 300.

-Dr. Reddy's Laboratories Ltd. BUY call with Short Term Target of 1980 and Stop
Loss of 1642.

Click here for more Tips
Click here for Tommorow's Stock Market Tips