Tuesday, December 11, 2012

Intraday Share Trading Tips & Nifty Trend 12 December

Stock Market Updates: The Sensex ended the day at 19387.14, down 22.55 points after hitting a high of 19,612.18, and the Nifty fell from the day’s high of 5,965.15 to close at 5898.80, down 10.10 points over its previous close. In sectorwise performance, FMCG shares did well, while shares in the power and realty sectors took a beating. Among frontline gainers, HDFC, Bajaj Auto, Hindustan Unilever and Sun Pharma rose between 1-2%.

From Today onwards the IPO of Bharti Infratel is opened for the subscription. IPO price band is placed between Rs 240 to Rs 210. Company to sell about 19 million shares through the IPO.Anchor Investors bought 15 percent of the total shares at the rate of Rs 230 per share.

Real estate stocks HDIL, Unitech, Indiabulls Real Estate and DLF has managed to close with a gain. Pharma stocks Dr Reddy's, Cipla and Piramal Enterprises closed up. However, due to rupee TCS, Hexaware and MphasiS shares fall as it closed at. Increased pressure from SAP of sugarcane in UP Balrampur Chini, Bajaj Hindusthan and Shree Renuka Sugars such as Chinese companies engaged in the business also closed with weakness. Also because of the uproar in Parliament on Wal-Mart's lobbying Pantaloon Retail, Provogue, Shoppers Stop and retail companies such as V 2 Retail plummeted. 50 Share Nifty Trend is expected in the bullish side. Nifty is likey tp take the resistance level at around 5950 with strong support of 5842.

Intraday Stock Trading Tips For Tomorrow 12 December

Pantaloon Retail is a buy call at current market price for the target of 232.
Jet Airways will be buy call on small dips for the Target of 547.
Mahindra Satyam is Sell call for the target of 93.20.

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