Market Trend Today :- Indian Market beginning is strong today due to recovery of Asian markets. Sensex up 37 points to open at 17 269 and Nifty gained 8 points to open at 5243. In early trading market seems to grow rapidly. TCS stock 2.5% faster due to better than expected results.
After sluggish start Asian markets looks up. Market worried less about China GDP growth rate is 7.6% in second quarter. Kospi, Hang Sang, Nikkei 1 to 0.25 % faster. Singapore Nifty is also strong. However, Shanghai Composite is down marginally.
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On Thursday U.S. Markets showing pressure of growing concerns about Eurozone. During business Dow Jones was broken up 100 points However market has recovery beacuse of reduced number of unemployed. U.S. market closed at 0.75 to 0.25% decline.
Nifty Trend Today :- If Nifty able to sustain and trede above 5260 so it could be show some recovery today and if Nifty breaks 5210 level and trade below 5210 then profit booking will come. Nifty Intraday trading levels for today are support – 5130, 4960, 4900. Resistance – 5310, 5350, 5380. Nifty Intraday Tips :- Sell at 5250, Stoploss – 5350, Target – 4900 – 4850.
Rupee against Dollar started with light strong today. Rupee opened at 55.65. Ruppe started with strength of Rs. 0.29. on Thursday Rupee closed at 55.94
Intraday Tips for Today 13 July 12
Apollo Tyres Buy, Target – 89, Stoploss – 81.70.
TCS Buy, Stoploss – 1230, Target - 1280.
HDIL Buy, Target – 91.80, Stoploss – 85.
IVRCL Sell, Stoploss - 50, Target – 48.
Sun TV Buy, Target – 315, Stoploss – 292.
Commodity Market Trend Tips :- International Market Gold light fast while Silver is trading flat. COMEX Gold at $ 1,570 with 0.32% fast while Silver is trading at $ 27 per ounce. On Thursday MCX Gold dropped 0.15% to Rs 29 220 while silver with nearly 0.5 strength closed to Rs 52 970.
NYMEX Crude Oil is trading with slight decline and price at $ 85/ barrel. on Thursday MCX crude closed at Rs 4783 with slight edge. London Metal Exchange (LME) Copper is trading with 0.30% fast. on Thursday MCX Copper Copper closed at Rs 422 with flat.