Indian benchmarks traded in the green for most part of the day, but weak European cues sent the Nifty tumbling below the 5250 mark. At close, the NSE benchmark was down 9 points at 5,239 while the Sensex slipped 16 points to close at 17,301. In nifty, technically the trend could still be up as long as 5200 holds and stiff resistance exists around 5300.
The crucial support for the Nifty is at 5200 and the resistance is at 5253-5300-5356.
Here is free recommendations for today's trading.
Free Nifty Tips
Buy HDFC Bank above 549, Stoploss at 544, Targets: 555-560.
Buy Sun TV Network above 301, Stoploss at 298, Targets: 305-307.
Buy Tata Motors above 304, Stoploss at 301, Targets: 307-310.