Stock Trading Tip28-Dec-11
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The Indian market opens for trade a day ahead of F&O expiry on a flat note. Earlier, the US markets ended flat with the Dow down 2 and Nasdaq up 6 odd points while Asia is in the red at this hour. Sensex is trading at 15853, down 20 points from its previous close, and Nifty is at 4743, down 7 points. CNX Midcap index is down 0.4% and BSE Smallcap index is up 0.2%. The market breadth is negative with advances at 165 against declines of 276 on the NSE.
9:14 AM - Buy Apollo Tyres with intra-day targets of Rs 63.50 and 65 and stop loss of Rs 58.
9:09 AM - Sell Cipla at Rs 320 with an intra-day target of Rs 314 and stop loss of Rs 323.
9:04 AM - The pre-opening session of the market begins with the Nifty and Sensex indicating a start in the red today. The SGX Nifty is at 4722, down 37 points.
8:59 AM - Buy Dabur India with a target of Rs 110 and stop loss of Rs 97.
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