Tuesday 14 August 2012

Share Market Overview: Intraday Stock Tips

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Share Market Overview

The Indian share market begins with the Nifty and Sensex indicating a flat start today. Today, Nifty needs to trade above 5336 for sentiments to be positive. We might have a breakout on the upside soon which could take Nifty to 5550 and beyond,, Earlier, the US markets ended in the red with the Dow down 38 odd points while Asia is quiet at this hour. Sensex is trading at 17629, down 4 points from its previous close, and Nifty is at 5344, down 3 points. CNX Midcap index is up 0.1% and BSE Smallcap index is up 0.2%. The market breadth is positive with advances at 287 against declines of 141 on the NSE.

Intraday Stock Tips:

SELL Indraprastha Gas Ltd.
Intraday Target: 258  
Stop Loss: 265

BUY Reliance Communications Ltd.
Intraday Target: 56.5  
Stop Loss: 55

BUY OnMobile Global Ltd.
Intraday Target: 48  
Stop Loss: 43

BUY Dishman Pharmaceuticals & Chemicals Ltd
Intraday Target: 94.5  
Stop Loss: 91.5

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