Friday, November 23, 2012
Share Market Trend and Tips For Today
Share Market Trend Today
Domestic markets opening up with strong signs of Asian markets. Sensex up 31 points at 18544 and Nifty 5635 are open 8 points higher. In early trading, the market has lost strength. US markets were shut overnight. The Parliament session was a damp squib. So, there is not much reason for the market to make a big decisive move. In any case it has been stuck in a range. It looks like it will be that way for a few days longer.
Tech, oil & gas, consumer durables, IT, capital goods, metal, power stocks are strong from 0.4 to 0.2 per cent. Realty, auto stocks is idling. FMCG, PSU, bank stocks have dropped from 0.2 to 0.1 per cent.
Once approved, the new pharma pricing policy Healthcare shares declined 0.5 per cent. Cipla, GSK Pharma, Lupin, Glenmark, Sun Pharma, Dr. Reddy's, Ranbaxy, Cadila has broken from 1.5 to 0.5 per cent.
Share Tips for Today
BUY Syncom Healthcare Ltd. for Intraday Target of 18.36 with Stop Loss of 16
SELL BASF India Ltd. for Intraday trading Target of 661 with a Stop Loss of 680
SELL Hindustan Copper Ltd. for Short Term Target of 210 and Stop Loss at 245
BUY KPIT Cummins Infosystems Ltd. for Long Term Target of 200
BUY Moser Baer India Ltd. For Intraday Target of 5.5