The Sensex fell 109 points 18 624 and Nifty down 25 points at 5517 levels at early morning trade. Market performance is goning on very dull pressure of indian currency. However, midcap stocks are strong. Small-cap stocks are sluggish. Rupees trade as the 61.33 with loss of 0.56% in today trade but market will recover the position.If we talk about the Eeuropen market, Asian markets because of the strong yen, the Nikkei has lost 3 percent. Cospi and Taiwan indices have fallen by 1 per cent. Hang Seng is weak. Shanghai Composite and Straits Times are strong 0.3 per cent.
FMCG stocks are broken 2 per cent. Metal, auto, capital goods, power stocks is 1 to 0.5 per cent. Realty, technical, IT, healthcare, banking, oil & gas stocks are strong from 0.75 to 0.25 per cent. PSU and consumer durables stocks are sluggish.
Nifty trading tips
BUY DLF Ltd above 126 Target 127/129/131 Stop Loss 120
SELL Tata Motors Ltd. below 278 Trget 277/275/273 Stop Loss 285
SELL Colgate-Palmolive Ltd Target 1,240/1,237/1,234 Stop Loss 1,250