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Intraday Tips for Monday 24 September & Market Trend Monday

Intraday Tips for Monday 24 September

Market reached record levels in 2012 due to Government's Economic reforms. Sensex up 403 points at 18 753 and Nifty gained 137 points to close at 5691. Nifty Midcap rose by 2.75% and BSE Smallcap up by 1.5%.

Market Trend for Monday :- Market showed enthusiasm to Government's decisions of Economic reforms remain unswerving. Furthermore Government has approved Rajiv Gandhi equity scheme. Rajiv Gandhi Scheme ETFs and Mutual funds are included in scope. Withholding tax has been reduced from 20% to 5%. Our Experts say that if the government is working on pace of economic reforms will increase the confidence of foreign investors and Market will be enhanced FII investments.

Rupee is becoming stronger. Rupee has reached height of 4.5 months. Rupee closed at 53.44 against the U.S. Dollar On Thursday.

Free Intraday Tips for Monday 24 September 12

Kingfisher Airlines Buy, Target – 11.90, stoploss – 13.95.

Pantaloon Retail Buy Target – 169, stoploss - 192.

Shoppers Stop Target 369, stoploss – 399.

Tribhovandas Zaveri Buy, Target – 139.50, stoploss – 126.50. 

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Intraday Tips Updated at: 12:35 PM
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