Today Market traded almost Green, banking sector was on boom today. The hike in interest rate is a dampener for the stock but it is attractively valued. The markets closed flat today and realty and metal remained the biggest losers of today's session. The Sensex closed at 18195 (provisional), down 15 points from its previous close, and the Nifty closed at 5488 (provisional), no change. The CNX Midcap index was down 0.3% while the BSE Smallcap index lost 0.8%. The market breadth was negative with advances at 445 against declines of 861 on the NSE.
Showing posts with label nifty tips for monday. Show all posts
Showing posts with label nifty tips for monday. Show all posts
Friday, July 29, 2011
Saturday, April 2, 2011
NIFTY LEVELS FOR MONDAY 4 APRIL 2011
Nifty Intraday Tips For Monday 4 April :-Today Nifty has closed at 5826 with a loss of 7points comparative to its previous close. My view that a minor decline up to the area of 5600 is on cards which will provide an opportunity to go long for positional traders with a stop loss of 5400 and target of 6050.lose. On the higher side market is facing major supply in the range of 5875-5920 and above that major supply is coming around 6050…On the downward side support is placed at 5700 and below that at 5600. Regarding sector in our opinion BSE-Capital Goods and BSE-Banking (few selective stocks) can out perform the broader indices while BSE-Health Care and BSE-Consumer Durable may under perform the broader indices.
Regarding stock specific approach we are bullish on BHEL.
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