International markets in domestic markets fell due to bad signals. At 10:37am The NSE 50 index 5597 with -145 pts. & BSE 30 index 18933 with -433 pts. Market decline more than 2% in intraday day. The fall in the rupee against the dollar on growing domestic markets fueled the selling pressure. Rupee against the dollar, the lowest ever recorded level was down to 61.99. Before the rupee against the dollar was 61.80, the lowest level.
Meanwhile, the index of BSE is strongly dominated decline. Consumer durables stocks were the worst beating. Realty, bank, power, metal, capital goods and PSU stocks are under pressure from the market. Veteran shares – Midcap and Smallcap stocks with position of weakness.
Intraday calls 16 August
SELL Axis Bank Ltd. below 1,066 Target 1,064/1,060/1,055 Stop Loss 1,082
SELL Lupin Ltd. Below 818 Target 816/813/807 Stop Loss 828
BUY HCL Technologies Ltd. above 926 Target 928/930/935 Stop Loss 908