Intraday trading calls today, Market updates 07 November 2014

After taking positive start Indian stock market benchmark indices SENSEX and Nifty slipped. Nifty traded below 8320 and SENSEX at 27826.61 down 0.30%. In sectoral indices Consumer durables, Healthcare, IT, Realty and Technology are positive.

L&T, Bank of Baroda, UCO Bank, Vijaya Bank, United Bank, Syndicate Bank, Sun TV, Essar Oil, JET Airways will announce their quarterly results.

Government plans to sell ONGC 5% shares in last week of November or first week of December.

Infosys has announced huge recruitment, the company would hire 2100 employees including 600 graduates in US.

Canara Bank profit increased from Rs 625.90 crore to Rs 626.6 crore in second quarter of fiscal year 2015.

Intraday trading calls

Buy Canara Bank above 406 target 417.36 stop loss 395.13.

Buy Infosys above 4148 target 4177 stop loss 4118.

SENSEX manage to cross 28000 level, Trading Tips

SENSEX managed to cross 28000 level first time and Nifty made new record at 8363.65 on upper level. Buying trend in Realty, Banking and Consumer durables shares.

Alembic Pharma, Bata India, Colgate, Escorts, GSK Consumer, Gulf Oil, Hidelberg, Htel Lila, IRB Infra, Muthoot Finance, NDTV, Shopper’s Stop, Tata Global Beverages and TD Power will announce their quarterly results today.

JSPL profit decreased from Rs 452 crore to Rs. 442 crore on the basis of YOY in second quarter of fiscal year 2015.

Thermax profit increased from Rs. 30.2 crore to 86 crore on YOY basis in fiscal year 2015 second quarter.

Trading Tips Today

Buy Ranbaxy above 655 target 665 stop loss 645.

Buy Sunpharma above 870 target 882 stop loss 860.