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Saturday, July 28, 2012

Share Market Trend, Intraday Stock Tips, Nifty Updates Monday 30 July 12

The markets closed with significant gains today with metal, FMCG and IT being the lead gainers. Auto and banking, too, gained significantly while realty, capital goods and healthcare closed with moderate declines. The Sensex closed at 16839, up 199 points from its previous close, and the Nifty shut shop at 5100, up 57 points.

The markets lost significantly during the week with FMCG being the only sector that managed to close positive. The Sensex was down 2% and Nifty lost 2.1% over the week. The BSE Power was down 5.2%, BSE Metal lost 4.6% while BSE Auto closed with 3.2% declines during the week. The BSE IT was down 2%, BSE Oil Gas lost 1.4% and BSE Realty tumbled 6.85% over the week. The BSE Capital Good lost 6.6%, BSE Consumer Durables was down 2.34% while BSE FMCG gained 0.74%. The top Nifty gainers during the week were HCL Tech, Ambuja Cements and HUL while the biggest losers included PNB, SAIL and JP Associates.

Intraday Stock Tips For Monday-
Tata Steel Ltd.

R1-404.37, R2-409.43, R3-422.23
S1-391.57, S2-383.83, S3-371.03

Pidilite Industries Ltd.
R1-167.73, R2-168.97, R3-171.07
S1-165.63, S2-164.77, S3-162.67

ICICI Bank Ltd.
R1-947.85, R2-967.45, R3-1007.60
S1-907.70, S2-887.15, S3-847.00

Trading Calls For Monday-
  • Invest in GAIL and Oil India from oil & gas space
  • Exit short position on Tata Steel at Rs 390 and keep stop loss for the position at Rs 408
  • Buy Agro Tech Foods with a target of Rs 540-545