The rupee fell five paise to 62.36 against the dollar on Tuesday on fresh demand from banks and importers for the U.S. currency, which strengthened overseas.It opened at 62.30 per dollar as against the previous close of 62.31 at the inter-bank foreign exchange market. It dropped to 62.44 on fresh dollar demand from importers before ending at 62.36, a loss of five paise.
The 30-share index, which had lost 43.09 points in the previous session, fell further by 39.47 points, or 0.19 per cent, to 20,815.45, led by losses in stocks of banking, oil and gas, auto and FMCG sectors. While The 50-share CNX Nifty on the National Stock Exchange slipped 16 points to end at 6201.85.
Buy Nifty Futures with a stop loss of 6215 for target of 6300
In the Asian region, Japan’s Nikkei was down by 1.46 per cent, while Hong Kong’s Hang Seng by 0.80 per cent in early trade on Wednesday. The US Dow Jones Industrial Average ended 0.59 per cent lower on Tuesday.
Buy M&M Finance with a target 350 stop loss 290
Sell Coal India with a target 257 stop loss of Rs 276
The market has opened in warmish note.Today The Nifty mood is in general quite positive in the market but of the momentum it will top around 6300.
Buy Ranbaxy Laboratories with target 465/475 stoploss 438
Buy Jindal Steel with target 281/283 stoploss 262
Buy Tata Motors with target 400/420 stoploss 395
Buy Axis Bank with target 1200/1250 stoploss 1160
Buy L&T with target 1100 stoploss 1040
Buy Tata Steel with a target 415/425 stoploss 400
The rupee opened flat at 62.29 per dollar on Tuesday as against previous day’s closing of 62.31 per dollar.
After a beginning downtick, the market aggregates steam. The Sensex is up 77.58 focuses at 20869.51, and the Nifty is up 26.40 focuses at 6202.50.The Nifty opened on a positive note and hit 6,200 mark by increases in Bhel, Icici Bank and Sesa Sterlite taking prompts from Asian associates.
Buy Bank Nifty with stop loss of 11,100 for target of 11,300
Hpcl 0.53 %, Bpcl 0.65 % ,The oil marketing organizations will be in movement after the diesel costs were climbed by 50 paise for every litre.
The auto companies will be in focus after the month to month sales information. M&m’s total sales for November stood at 39,255 vs 48,143 units, down 18.4% Yoy.
Tata Motors’ total sales for November slipped to at 40,863 vs 66,500 units, down 38.5% Yoy.
The BSE Sensex was at 20,858.31, up 66.38 points or 0.32 per cent. It touched a high of 20,865.97 and a low of 20,770.51 in trade today.
Buy ITC with stop loss 315 for target 330
Buy PNB with stop loss 537 for target 585
On Friday market opened in strong positive note, with the sensex rising 100 points and nifty reclaiming 6100 level.and Indian rupee strength higher 62.24 per dollar gain 11 paise.
Sensex is up 101.86 points at 20636.77 and nifty is open at 6123.75 and up with 31.85.
stocks which are likely to be in focus in trade today
Idea cellular ltd
Tata consultancy services ltd
united bank of India
Bullish stocks- jp associates 2.93%, NMDC 2.77%, ICICI bank 2.56%, Cipla 2.42%, GAIL 2.19%, tata power 2.05%, BHEL 1.92%, axis bank 1.89% while we can see in the nifty index there is no losers of today.
Buy DLF above 152.50 target 154.57/155/157 stoploss 150
Buy jaiprakash asso above 51.40 target 52.34/53/54 stoploss 45
Buy bajaj auto1971.80 target 1972.87/1973/1974 stoploss 1970
Today Market has strong opened on november series expiry.Nifty and sensex both opened in the
positive points.The sensex is up126.39 points or 20546.65 and the nifty is opened high 37.45 points or 6094.55, Nifty touched a intraday high of 6104.35 and a intraday low of 6090.00.
ICICI bank, ONGC, BHEL, Hindalco, Reliance industries,Dr reddy labs,larsen,Jaipraksah asso, are included top gainers.
Heromotorcorp, jindal steel,ambuja cements,infosys,power grid,TCS are included loser today.
Buy bajaj auto above 1968.85 target1968/1970/1971 stoploss 1967
Buy jaiprakash asso above 48.90 target 53/58 stoploss 43
Buy SBI above 1781.40 target 1782.40/1783/1784 stoploss 1778
Asian market trade higher led by nikkei 1.2% up at 15635.50, heng seng was trade 0.66% high at 23,964.12,sanghai 0.43% higher at 2210.
market is likely to remain volatile ahead of november F&O expiry.
Today market continued to remain volatile in wednesday, the rupee kicked-off trade in early morning wednesday at 62.45 per dollar up 5 paise.
The S&P BSE midcap index was up 0.33% and the S&P BSE smallcap index higher up 0.23%.
Among the sectoral indices the sensex capital goods index was up 0.73%, realty index gained 0.62%, power index up 0.49%.
On wednesday nifty hovering around the 6060 level today nifty opened at 6055.20 down with 3.90 points. In nifty index oil and gas, metal index see in buying interest while remaining technology stock and banking stocks are under pressure.
Intraday Resistance of NIFTY are 6126.8 : 6176.4 : 6192.8
Intraday Support of NIFTY are 5991.4 : 5942.9 : 5926.9
Market is opened weak in morning trade.From the nifty, sensex indices BHEL topped the buying list with 3.5% gains.The nifty was at 6093.85 down with 21.50 points or 0.35% it touched intraday high of 6106.85 and intraday low of 6087.75.
Buy Nifty Futures with stop loss of 6,070 for target of 6,190
The sensex is down 38.34 points at 20566.74 ITC is the major loser falling 1.5%,while TCS,Infosys,HDFC,Tata motors, HDFC bank, ONGC, declined with 0.3-0.8%.However the gainers are ICICI bank, L&T,M&M,Sun pharma,Bharti airtel and Reliance indutries.
Buy BHEL with a target 152 and stoploss 140
Sell HCL Tech with target 1010 stoploss 1072
Buy United Spirits with target 2685 stoploss 2595
Today on 25 November market has kickstarted the week on a roaring note.Stocks are adding strength in to the indices with the oil & gas,Metals, auto, FMCG, Banking Pharma,capital goods.
The nifty and sensex both opened in positive note,The sensex is up 168.49 points at 20385.and nifty is up 41.65 points at 6037.10.
Gainers are today-BPCL 2.99%, Bank of baroda 2.56%, DLF 2.81%,HDFC bank 2.27%, hero metorcorp 2.54%, ICICI bank 4.05%,Jaiprakash asso 3.23%, tata motors 2.12%.
losers are today-Infosys is only loser,falling 0.31%.
Meanwhile the rupee gained 39 paise to 62.47 per doller.
Buy DLF above 148.40 target 150/152/154 stoploss 146
Buy HDFC bank above 804.35 target 805.74/806/807 stoploss 800
Buy GAIl above 332.30 target 333.60/334/335 stoploss 330
11:00 am the market continues to trade higher in morning trade on short covering.The BSE midcap and smallcap indices gaining 0.8%.
Nifty and sensex both up with higher points, sensex up 70.99 points at 20300.04 and the nifty is gain 24.30 points at 6023.35.
Two wheeler majors Bajaj auto and hero motorcorp are in under pressure fail with 0.3-0.7%.
Bharti airtel is the top gainer today 2.5% gains, HDFC,Tata steel, GAIL, rose among 1-1.7%.
Buy Bharti airtel above 344.95 target 346/348/350 stoploss 340
Buy JAIL above 325.55 target 327/328/329 stoploss 320.
Buy tata steel above 387.20 target 388/389/390 stoploss 380
Sell sesa sterlite below 176.25 target 174/173/172 stoploss 170
Value benchmarks fell more than 1 percent in morning trade Thursday on reasons for alarm that the Federal Reserve might scale back its Usd 85 billion month to month financial boost sooner than later.
The Sensex is down 229.32 focuses or 1.11 percent at 20405.81, and the Nifty is down 74.30 focuses or 1.21 percent at 6048.60.
Around the sectoral records, the S&p Bse Bankex was down 1.26%, the S&p Bse Capital Goods Index declined 0.65%, the S&p Bse Power Index was 0.61% more level and the S&p Bse Realty Index slipped 0.54%.
The Sensex washouts incorporated Hdfc 1.50%, Hdfc Bank 1.42%,Hindalco 1.20%, Icici Bank1.13% and Ntpc 1.04%
Coal India up 1.25%, Cipla up 0.59%, Dr Reddy’s Laboratories up 0.52%, Wipro 0.34%and Gail up 0.25% were the top record gainers.
Sell axis bank below 1093.35 target 1096/1099 stoploss 1098
Sell Tata power below 78.65 target 77/76/75 stoploss 80
Sell infosys below 3357.10 target 3356.97/3355/3354 stoploss 3360