Monday Bank nifty intraday target nifty breaks 6200 level

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.

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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