Market Trend Intraday Tips 29 May 12
Market Trend Today :- Due to good signs of Asian markets, Indian Stock Market has also started strongly. Sensex up 83 points at 16500 and Nifty higher 20 points to open at 5005. However in early trading market seems on pressure from sliding to Rupee. Rupee is seems to down trend. After opening at 55.36 it is reached up 55.5 .
Auto, Capital Goods, PSU, Metal, Power stock faster from 0.75 to 0.5%. Healthcare, Consumer Durables, Bank stocks are strong by 0.4 to 0.2%. FMCG, Oil & Gas stocks light on edge. Technology, Realty, IT stocks are look dull. Before the results Tata Motors rose by 2% . Coal India to be predictable results therefore it up by 1.25%. BHEL, Tata Power, Sun Pharma, Reliance, GAIL, Hero Motocorp, L & T, Jindal Steel, Maruti Suzuki, Wipro is stronger 1 to 0.5%.
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U.S. Market Trend :- After Good start on Monday European Market slipped from upper levels. Spain's bonds reaching on yield levels it show pressure on U.S. Markets.
Asian Market Trend :- Except Nikkei all Asian Markets is trading with strength. Taiwan Index, Shanghai Composite, Kospi went 2.5 to 0.6%. Singapore Nifty, Straits Times and Hang Sang is also faster. Nikkei fell nearly 0.5%.
Intraday Tips Free Trial and Positional Stock Advice on 29 May 12
BHEL Buy, Target – 227, Stoploss – 207.
Sterlite Industries Buy For 1 To 2 Days, Stoploss – 96, Target - 102.
Kotak Mahindra Bank Buy For 2 To 3 Days, Target - 576, Stoploss – 550.
Bombay Dyeing Buy, Stoploss – 460, Target of Rs 515.
Buy Bata India Target – 960, Stoploss – 894.
