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Wednesday, 26 June 2013

Share tips: Slowness in the Indian market

Met - despite mixed signals to International markets beginning at the edge. 18 662 Sensex and Nifty gained 33 points to open 19 points higher at 5628. However, there is pressure on the market in early trading.
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Realty and Power stock has climbed 1 %. Oil & gas, capital goods, PSU and bank stocks are strong from 0.7 to 0.3 %. Healthcare, IT, FMCG and metal stocks are sluggish. Auto stocks have fallen 0.75 %. Consumer durables and tech stocks are weak 0.25 %.

NTPC - CIL and the coal quality disputes over pay. NTPC has gained 1 %. However, the weakness of Coal India is 0.5 %.

Reliance Infrastructure, Axis Bank, DLF, BPCL, PNB, Ranbaxy, Tata Power, JP Associates, Reliance Industries, L & T has such strong Giants 2-1 %

Despite weak Indian share market in Rs Gold - Silver have crashed. With 1.5 % on MCX Gold is trading below Rs 26 150. Meanwhile, Silver lost 2.5 % to Rs 40,000 below the critical level is reached. Silver is currently at Rs 39 589.

Indian Share market researcher Ravi Singh says that the position should not buy gold and silver. Silver may show the level of Rs 38500. However, gold has support at Rs 25,500 to 25,200.
 
JSW Steel (4-5 Day Sell) target of Rs 632 with stoploss of Rs 670

PFC (4-5 Day Buy) target of Rs 143 with stoploss of Rs 134

TCS (for intra Sell) target of Rs 1373, Rs 1410 stoploss

Tata Steel (6-8 Day Sell) target of Rs 252 with stoploss of Rs 275

Maruti Suzuki (5-6 Day Sell) target of Rs 1470, Rs 1560 stoploss

M & M (1-2 Day Sell) target of Rs 930 with stoploss of Rs 970


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