Market has opened in bearish note with negative bias,Indian rupee fell 42 paise at 63 per dollar, rupee could come under medium term pressure. Sensex and nifty both opened down trade on Monday led by losses in banks,oil&gas stocks, capital goods, autos.
Nifty slips 26.05 points at 6114.70 the nifty market was also spooked by negative results from capital goods, banks,heavy weight bhel. Nifty may move in the range of 6030-6050 on the lower side and 6280-6330 on the upper side with positive bias in this week.
Nifty Gainers—Cairn india,dr reddy labs, HCL tech,Infosys,Reliance
Nifty loosers—ACC, Ambuja cements,Bank of baroda,BPCL,DLF,GAIL,ICICI bank,Indusind bank,NMDC,
Sell ACC Ltd with a target of 1077 and a stop loss of 1100
Buy Tech Mahindra Ltd with a target of 1700 and a stop loss of 1615