After the high gains first day of the week equity market losses its momentum but trading bearish side. Nifty and sensex both trading in volatile note, Nifty showing up and down trend today Nifty down 6.70pts at 7196.30 while sensex is up 67.93 pts at 24189.67. Dr reddy labs, sun pharma, TCS, Wipro, Infosys, HCL tech drags 5-6% high selling pressure are seen in morning session.
NIFTY GAINERS- Coal india 9%, PNB 7.98%, Sesa sterlite 6.82%, Tata power 5.67%, SBI 4.82%, Maruti suzuki 4.01%, Larsen 4.28%. Hindalco 5.03%, GAIL 4.63% .
The Indian rupee has touched fresh 11-month high in early trade on Monday. It opened at 58.55 a dollar – the highest level since June 18, 2013 – up 24 paise compared to Friday’s closing value of 58.79 a dollar.
BUY SELL CALLS FOR TODAY
SELL- Wipro Ltd target of Rs 475/472/469 and a stop loss of Rs 515
BUY- Sesa Sterlite Ltd target of Rs 226 and a stop loss of Rs 209
BUY- Tata Power target of Rs 97/98/99 and a stop loss of Rs 89
BUY- BHEL target of Rs 245/250/255 and a stop loss of Rs 220