Stock Market Today and Live Tips 5 Aug

Market Trading in Current Session (Live Market)
The Market today is very weak, after a big gap-down start, the market still continues to look extremely weak with a sell-off seen across the board. the broader markets are seeing deep cuts, too. Sensex is trading at 17263, down 429 points from its previous close, and Nifty is at 5201, down 130 points. CNX Midcap index is down 2.5% and BSE Smallcap index is down 3.1%. The market breadth is negative with advances at 60 against declines of 1216 on the NSE. Meanwhile seeing the market trend now it is recommended to wait and watch the first half of the session and see if 5175 holds in which we could see a short-term bounce. It is too early to go long in the market but those with short positions should hold them.


Stock Tips Today 5 August :-
SELLNTPC  Target  165
BUYReliance Inds.  Target  1,000
Buy MARUTI Above 1187.50 , Target 1195-1199 Stop loss at 1182.50


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Stock tips 4 August

• SELL NSEFUT Bank Nifty Aug between 10790-10780 with SL of 10860 for target of 10650
• Short Tech M Aug Futs at Rs770 with SL of Rs782 for Target of Rs745.
• Buy BOMDYEING Above 338 , Target 341-343 Stop loss at 335
• SELL MARUTI F 1195-1196 Target 1183 STRICT stoploss at 1199.5
• Long aban for target 492-505, Century text for 348-55-62 JSW Steel for taget 737-40 to 805

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Stock Market Latest Updates

Elecon Engineering Company – Buy Recommendation

Elecon Engineering Company  - Recommended to buy from a short-term perspective. It is seen from the charts of the stock that it has been on an intermediate-term downtrend from its October 2010 peak of Rs 103. However, the stock found support at Rs 60 and bounced up sharply in February 2011, triggered by positive divergence in daily moving average convergence divergence.
Thereafter, long-term support at Rs 65 consistently cushioned the stock in March, May and June and arrested it from declining further. Triggered again by positive divergence in daily MACD and backed with significant support at Rs 65, the stock changed its trend from a short-term perspective. On Monday, the stock jumped 4 per cent with extraordinary volumes, conclusively breaking through its short-term down trend and its 21 as well as 50-day moving averages. Daily relative strength index has entered in to the bullish zone and weekly RSI is inching higher in the neutral region. The daily MACD has signalled a buy.
We are bullish on the stock from a short-term horizon. We expect it’s up move to continue until it reaches our price target of Rs 74.5 or Rs 76.5 in the ensuing trading sessions. Traders with short-term perspective can buy the stock with stop-loss at Rs 69.5 levels.

Intraday tips for tomorrow 12 May 2011

Nifty intraday tips and levels for tomorrow Thursday 12 May 2011
Stock Intraday Calls and tips for tomorrow 12 May 2011
 Market Trend for tomorrow


Intraday Nifty Tips For Tomorrow 12 May :- 


Nifty is struggling to go past 5,590-5,600 trend line. The choppy range bound move continues for yet another session with the index shutting shop with a marginal up of 20 points. Nifty is struggling to go past 5,590-5,600 trend line (grey) resistance for the previous three sessions indicating a fall back down to 5,500 mark.

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