Market started on positive note after 2 days of profit booking, Metal, Bank, Oil and Gas stocks gained. Global cues are supportive. At 10:17 am SENSEX traded at 22497.26 up 0.05% and NSE Nifty traded at 6736.85 up 0.07%.
DLF slipped 6.41%, Hindalco traded 5.26% down, Jindal steel weak 4.48% and Bank of Baroda shares traded down 3.68%.
Buy Crompton Greeaves above 181 target 187 stop loss 178.
Buy Indusind Bank above 490 target 498 stop loss 486.
Sell Jindal Steel and Power below 268 target 260 stop loss 274.
Infosys shares climbed 3% after better then expected quarterly results. Market slipped after positive opening in initial trading session. Midcap shares traded dull small cap stocks strengthened 0.4%.
IT and Technology shares gained 2-1.7%, FMCG, Consumer Durables, Healthcare, Metal, Realty, Power shares strengthened 0.6-0.3% while Oil&Gas and Bank shares dropped 0.5%, Capital Goods shares traded under pressure.
Infosys Profit increased in fourth quarterly result of financial year 2014. Company announced to increase guidance in year 2015. infosys share gained 3%.
Buy Suzlon Energy above 14.45 target 15.30 and stop loss 14.50.
Buy Infosys above 3285 target 3300 stop loss 3275.
Due to profit taking session Indian Stock Market came under pressure Today, at 11:29 am BSE SENSEX traded at 22710.62 up 0.02% and NSE Nifty traded at 6795.15 down 0.01%.
Power, Capital goods, Auto, Realty shares moved 1-0.6% higher, Bank and Consumer durables share strengthened while Oil & gas, IT & Technology, Metal, FMCG and Healthcare shares traded weak. In Nifty stocks BHEL, Tata Motors, SBIN, NTPC, NMDC, Axis Bank, Cain India, Wipro gained 2.75-1%. Midcap and Smallcap shares traded with 0.5% gain.
Banking shares traded higher while there will be chances of buying, we can see slight growth from current level in future trading session. PSU Banks are good option for investment in current market.
Hindalco is not looking good, Buy SesaSterlite is looking better for investment in Energy stocks.
There has been considerable growth trend in Suzlon energy stocks, Existing investors should continue to invest in the stocks, good lead can be seen from current level in future trading session.
Indian stock Market started with strong note today, SENSEX climbed 100 points in morning trading session. Realty, Bank, Auto, Healthcare, Metal, Capital Goods, Power shares gained 1-0.5%. IT, Technology, FMCG shares traded positive while Consumer Durables, Oil & Gas shares weaken 0.5%.
In Nifty shares Sun Phama gained 3%, Hindalco, DLF, Bank of Baroda, Tata Motors, Tata Steel, SBIN, Bajaj Auto, SESA Sterlite, ICICI Bank, Ambuja Cement, Indusind Bank, gained 2-1%.
Tech Mehindra slipped 1.5%, HCL Tech, Dr Reddy’s, Hero Motocorp, TCS traded under pressure.
Stock Future Calls
Buy Sunpharm (April future) above 629 target 689 stop loss 603.
Buy PNB (April future) above 770 target 805 stop loss 748.13.