Indian Stock Market rallied today, SENSEX moved 300 points and Nifty crossed 5900 level on Thursday trading session, taking cues from positive global trend. Asian shares traded three week higher.
Among Sector indices BSE Auto gain 160 points, Bankex move 300 points, BSE MIDCAP and SMALLCAP index traded above 50 points.
US Federal Reserve chairman said Quantitative easing is likely to continue. Federal Reserve’s June policy meeting released on Wednesday highlighted that Fed will continue buying bonds until the labor market outlook improved substantially. According to market analyst market likely remains volatile.
Intraday stock market trading tips
Buy Mangalore Chemicals and Fertilisers Target 74 SL 62.
Buy Reliance communication Target 145.9 SL 140.3.
Buy Shasun Pharmaceuticals Target 84.8 SL 76.
Buy Indiabulls Real Estate Target 74.35 SL 64.2.