Stock Market Trend and Intraday Tips Today
Market Trend Today 29 March 12
Due to Weakness in International Markets and P - Notes holders remain confused Indian Stock Market beginning with fall today. Sensex down 82 points at 17 040 and Nifty fell 49 points to open at 5146. In early trading market trend is down. Market declining rose by 0.75%. Sensex is below key level of 17000. Capital Goods, Realty, IT, Consumer Durables, Technology, Banking, Metal, PSU stocks have dipped from 1.5 to 1%. Power, Oil & Gas, Auto, FMCG stocks are weak 0.9 to 0.5%. Health Care Stock slight decline. Hindalco, L & T, Tata Steel, Sterlite Industries, DLF, TCS, Infosys, SBI, ICICI Bank, Bharti Airtel, Tata Power, Tata Motors, Wipro, Bajaj Auto, ONGC, BHEL, Maruti Suzuki has broken 2-1%. Medium stocks fall by 0.6% and small stocks by down 0.25%. In MidCap Opto Circuits stocks are broken by 17.5%.
World Market Trend
U.S. Market was weak on Wednesday because of poor Economic Data and Commodity stocks fall 0.5%. Home loan application forms consecutive decline on second week and also commodity stocks under pressure due to concerns over China's growth. Uropean Markets dropped on 3 year lows because of Depressing the signals received from the United States.
Asian Markets are also seen selling pressure. Taiwan Index, Cospi, Hang Sang and Singapore Nifty is broken of 2-1%. Nikkei, Straits Times and Shanghai Composite is decline by 0.75 to 0.3%.
Free Intraday Tips For Today / Positional Stock advice on 29 March 12
UCO Bank Sell For 1 To 2 Days, Target - 73 - 70, Stoploss - 78.
JSW Steel Sell For 2 To 3 Days, Stoploss - 737 , Target - 650 - 610.
Titan Industries Sell For 3 To 4 Days, Target - 205, Stoploss - 235.
Unitech Sell For 3 To 4 Days, Stoploss – 29, Target - 24.
