Friday, May 18, 2012

NIFTY UPDATES FOR MONDAY 21 May 2012

Indian Share markets remained inconsistent this week, the trend generally being negative. Both benchmark indices closed in the red and barring healthcare, all sectoral indices, too, closed negative. The Sensex was down 1% and Nifty lost 0.8% over the week. The CNX Midcap index was down 1.7% while the Bank Nifty closed with 1% decline. The BSE Auto was down 5.8%, BSE Power lost 2.2% while BSE Healthcare closed with 0.5% gain during the week. The BSE Capital Goods lost 1% and BSE Oil Gas, too, closed with 1% decline over the week. The top Nifty gainers during the week were Sesa Goa, Sterlite Industries and SBI while the biggest losers included Tata Motors and BHEL. 

BEST STOCKS TO BUY MONDAY 21 May 

1. BUY State Bank of India Intraday Target 2,100 Stop Loss 1,900
2. BUY Hindustan Zinc Ltd Intraday Target 122 Stop Loss 114
3. BUY Pantaloon Retail (India) Ltd Intraday Target 145 Stop Loss 134
4. BUY Steel Authority of India (SAIL) Ltd. Intraday Target 96 Stop Loss 85 

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