Friday 18 May 2012

Stock Tips 21-May-2012


Nifty Updates On : 18-May-2012

Nifty Technical Levels : 21-May 2012
Stocks to buy : 21-May 2012


BSE SENSEX and NIFTY traded red initially but recovered sharply in later trading hours as boosted up by State Bank of India, outperformed and railed up to 5 percent after its quarterly earning results. Short covering also helped the markets to go upward as it shown an intraday recovery of more than 300 points from the low. Rupee has also shown a smart recovery to 54.56 against the DOLLAR from its all time low of 54.89. India’s largest lender State Bank of India presented better than expected net profit of Rs. 4050 crore for fourth quarter FY12 aided by higher interest income and lower provisioning for non-performing loans.
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