Indian Share Market Trend & Tips for Tommorow, 11th May 2012

Indian Share Market Trend : Today Indian Share makets settled down with metal, auto and power being the laggards. Banking and IT sectors also didn't perform too well. Oil & Gas and Consumer durables were only closed in green. BSE benchmark closed at 16420 down 60 points and Nifty closed at 4966 from previous close.

Top Nifty Gainers

BPCL, Axis Bank, DLF, Kotak Bank, Bhel, HDFC, Dr. Reddy, Reliance Infra.

Top Nifty Losers

Maruti Suzuki, Jindal Steel, Ranbaxy, PNB, SBI, Power Grid, Coal India, Hero Motocorp, Sterlite, Sesa Goa.

Smallcap Gainers

AGC Networks, Aptech, Kirloskar, Electrotherm, KPIT Cummins, Aqua Logistics, Modern India, MVL, Empire Inds, Om Metal Infra.

Bankex Gainers

Canara Bank, ING, Indusind bank, Kotak Bank.

Bankex Losers

Dewan Housing, Andhra Bank, LIC Housing Fin, DCB, PNB, Karnatak Bank, SBI, Vijaya Bank.

Metal Gainers

NMDC, Gujarat NRE, JSW Steel, JSW Ispt

Metal Losers

Jindal Steel, Jindal Saw, Sterlite, Hindalco

Realty Gainers

DLF, Shoba Develop

Realty Losers

HDIL, Peninsula Land, Unitech

Indian Share Market Tips For Tommorow

-Voltas BUY call above 107 and Stop Loss below 104 with Target of 110-112.

-SAIL SELL call below 89 and Stop Loss above 90 with Target of 87-85.

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Indian Stock Tips for Tommorow

The prices has given a bullish breakout from the trading range of seven odd days. This indicates that Nifty will continue to scale higher in the near future and upward momentum will continue to rule. Hence, we still maintain our bullish stance for the target of 5,700.

The markets recovered from the lows of the day to close with only moderate declines. Realty, power, capital goods and IT made significant gains while metal and oil & gas came under selling pressure. The Sensex closed at 18154, down 48 points from its previous close, and the Nifty shut shop at 5522, down 10 points. The CNX Midcap index closed with 1% gain while the BSE Smallcap index was also up 1% in today's trade. The market breadth was positive with advances at 832 against declines of 630 on the NSE. The top Nifty gainers were Hero MotoCorp, Jindal Steel, SBI andMaruti Suzuki while the biggest losers included Coal India,Hindalco, Tata Motors and Sterlite Industries.

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