First day of the week Indian stock market opened with positive note, The BSE sensex rallied 400 pts to touch its fresh high of 25419.94 in this week. After opening high on Monday Bse sensex failed 59.57 pts or 0.24% at 25045.94 .
Right now, the maximum stocks are showing weakness and their momentum channel has gone into sell mode. The nifty index declining 29.05 pts or 0.39% at 7482.20 led by down ITC, infosys, Kotak mahindra, TCS, BPCL, Cipla, wipro.
Stock in view- Hero motorcorp up 2.49%, Hindalco 1.90%, M&M 1.48%, sesa sterllite 2.12%, Tata steel 1.35%, ONGC 1.11%, Dr reddy labs 1.07%.
SELL- Hero MotoCorp Ltd target 2569/2559/2549 stop loss of Rs 2541
SELL- BPCL Ltd target 537/530/523 and a stop loss of Rs 564