NSE Nifty Trend & Tips Today: Indian Stock Market

Stock Market News & Updates: Indian stock market indices BSE Sensex & NSE Nifty shown strong signals in the market on Wednesday just before the launch of Credit policy on Friday,May 3, 2013. Bank Nifty went up side on the hope of slight cut in the interest rates. For the last one month the stock market is progressing well. Nifty is most likely to see the resistance level at around 5950. We may see some new heights in the Indian market after this resistance level.

Bank Nifty Trend & Tips: The market right now is dependent on the RBI rate cuts. RBI India may or may not cut the rates of  interest. After it the market may show some new directions either on up side or down side. Seeing the current market conditions the market is most likely to see the short of call while the long of put.

Expert Stock Recommendations for Today:

• Indian oil companies are reporting growth. We suggest to buy Oil scripts like BPCL & HPCL.
• After the quarterly results Bharti Airtel has the strong support at 290. We suggest to buy on dips.