Market Trend Today :- Indian Market business seems cool because of mixed signals from international markets. BSE Sensex fell 6 points to 17552 and Nifty down 4 points to open at 5316. In early trading market has returned shopping.
Oil and Gas shares gained 1%. PSU, Realty, Healthcare stocks are strong from 0.5 to 0.25%. Metals, Technology, FMCG, Power are idling. Banks, Capital Goods, Auto and IT stocks are weak 0.2%.
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Bharti Airtel, Reliance, GAIL, Cern India, Sesa Goa, Jindal Steel, Asian Paints, PNB, Hindalco, Sterlite Industries, HDFC Bank, Ambuja Cement are faster about 2 to 0.5%. Reliance Communications stock declined by 2% despite of profits in first quarter.
Nifty Today :- SBI last day the last week has declined because of NPA increase in first quarter but Nifty did not have much effect on this fall. In Nifty can be created long positions with stoploss of Rs. 5290. Nifty may be expected to increase from current levels.
Intraday Tips / Positional Stock Advice for Today
Sterlite Industry Buy for 1 to 2 Days, target – 115, stoploss – 108.
Ranbaxy Sell for 2 to 3 Days, stoploss – 496, target 480 – 475.
Sell Jaiprakash Associates with stop loss of 76 and target 72..
Tata Steel Buy, target – 440, stop loss – 389.40.
Titan Industries August Futures Sell – 221, stop loss 224, target – 208.
Commodity Market Tips Today
International Market Gold and Silver have seen slight edge. COMEX Gold with gain of 0.15% is at 1622.75 level while silver is trading at $ 28/Oz with light strong. Last week MCX Gold was close to Rs 30,000 with light down while silver with slowdown closed to Rs 53 485.
Intraday Gold Crude Oil Tips Today
Gold April futures Buy at - 30,000, stoploss -29 850, target -30 150.
NYMEX Crude Oil 0.75% fast is trading at $ 93/Barrel. MCX Crude oil last week with up by 0.73% was closed at 5140.
Crude Oil August futures Buy - 5110, stoploss - 5 070, target - 5170.
London Metal Exchange (LME) Copper is trading with 0.20% down. MCX Copper last week with flat turnover had closed at Rs 415.
