The Indian market opens for trade this morning on a positive note. Sensex is trading at 16316, up 132 points from its previous close, and Nifty is at 4946, up 40 points. The market breadth is positive with advances at 568 against declines of 125 on the NSE.
Indian shares are expected to move higher in trade on Tuesday, however, with a negative bias. "If rupee continues to depreciate further, Indian shares will again retest lower levels.
Nifty saw heavy selling pressure at higher levels in yesterday's trade. "For today, Nifty will move with a negative bias and may face resistance at 4950 levels on the upside and may retest 4850 on the downside from current levels.
Free Intraday Tips 22 May 12
Buy Thomas Cook, Stoploss-59.45, Target- 64.45.
Buy Axis at CMP-963.25 SL-958 TGT-973.
Buy Delta Corp, Target-66, Stoploss-59.
Buy Bata India, Target-920, Stoploss-871.
Sell Max India, Stoploss-195, Target-179.
Buy Century Tex at CMP 280.70 SL-275 TGt-288.
Indian shares are expected to move higher in trade on Tuesday, however, with a negative bias. "If rupee continues to depreciate further, Indian shares will again retest lower levels.
Nifty saw heavy selling pressure at higher levels in yesterday's trade. "For today, Nifty will move with a negative bias and may face resistance at 4950 levels on the upside and may retest 4850 on the downside from current levels.
Free Intraday Tips 22 May 12
Buy Thomas Cook, Stoploss-59.45, Target- 64.45.
Buy Axis at CMP-963.25 SL-958 TGT-973.
Buy Delta Corp, Target-66, Stoploss-59.
Buy Bata India, Target-920, Stoploss-871.
Sell Max India, Stoploss-195, Target-179.
Buy Century Tex at CMP 280.70 SL-275 TGt-288.
