Sell UCO Bank Future below 90 target 85 stop loss 94.
Sell Canra Bank Future below 391 target 373 stop loss 401.
Buy Havells India Future above 283 target 299 stop loss 276.
Sell Reliance industries Future below 992 target 977 stop loss 998.
Buy Adani Power Future above 48 target 50 stop loss 47.
Market trend is not looking bullish. But despite of decline in global market the domestic market has not down this is mainly due to FII buying. However experts believe that investors should take profit when market is bullish. Market will further fall due to banking shares. Public sectors bank stocks are looking under pressure. Midcap stocks are looking more risky in comparison to Large Cap stocks.
Today Stock Calls
Sell Unitech below 22 target 20 stop loss 24.
Buy UCO Bank above 96 target 100 stop loss 92.
Consolidation in the market, Nifty at 7750. The first quarter of fiscal 2015 results are mixed. Heavyweights BHEL, NMDC and Tata Power were disappointed. However, Coal India and Sun Pharma are only predictable outcome. In midcap Jaiprakash Associates and Bhushan Steel results are worse than expected.
The decline in crude oil in the international market has increased. The price of Brent crude has slipped over the past 13-month low. It is trading below 103 dollars. Get Crude Oil Tips
Sell JPASSOCIATES below 53 target 51 stop loss 55.
Sell Unitech below 23 target 20 stop loss 25.
Sell BHEL beloe 205 target 195 stop loss 211.
Tata Motors Sell below 470 target 462 stop loss 481.
Axis Bank Buy Above 377 target 384 stop loss 376.
MM Forgings Sell below 320 target 311 stop loss 324.