Stock
Market Trend Today 16 March :- Due to dull business in Asian
Markets and Before the budget Indian Stock Market beginning with
slowdown. Sensex down 19 points at 17 657 and Nifty opened at 5380
without any changes. Market has picked up in early trade. Today
Market monitor to budget. From Common Man to Corporate, Agriculture
to Stock Market, Budget is being to decided everyone's fate. In the
budget expected to be FDI and ECB realted announced therefore realty
stock rose by 1%. However expected to increase import duty on Power
Equipment so Power and Capital Goods stock 1% faster today. Oil and
Gas share are dull. Bank, IT, Technical, PSU, Healthcare, FMCG,
Metal stocks is up by 0.5 to 0.25%. Consumer durables share is 1.25%
decline. Expected to grow the excise on diesel trains, Auto shares
slipped by 0.75. Tata Motors has dropped 2%. Maruti Suzuki, Hero
Motocorp, M & M, Reliance Industries, Bajaj Auto is weakness of
1 to 0.5%.
U.S.
Market :- Due to good economic data U.S. Markets saw strength of
0.5% on Thursday. Number of Unemployed has reduced and reached 3.5
million and Manufacturing sector growth has been higher than expected
in February. S & P 500 closed above 1,400 this is the first
time since June 2008.
Asian
Markets seems mixed business. Shanghai Composite is up 0.75%.
Singapore Nifty in green. Hang Sang, Nikkei, Cospi, Taiwan composites
are losing slightly.
Intraday
Tips / Stock positional advice on today 16 March 12
Tata
Motors Buy For 2 To 3 Days, Target – 310 - 320, Stoploss -
276.
Educomp Buy For 1 To 2 Days, Target - 215, Stoploss –
202.
Jet Airways Buy For 1 To 2 Days, Target - 350, Stoploss
– 317.
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