Janmasthmi special indian equity market picks, Oil & gas stocks up

On janmasthmin indian equity market opened in green zone, most of shares of nifty and sensex is seeing in positive prices. Nifty needs to sustain above key resistance range of 7800 – 7840. If Nifty manages to close above 7840 then we can witness fresh rally heading towards 7950 / 8000 levels, Tata Motors Ltd rallied as much as 2.06% in trade to hit fresh 52-week high in trade on Monday.

OIL&GAS– Investors are nibbling at shares of public sector oil companies such as Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL), and Hindustan Petroleum Corporation (HPCL) as drop in global crude prices.

stockoil-tips

HCL Technologies Ltd is a ‘SELL’ call with a target of Rs 1516 and a stop loss of Rs 1554.

Gainers of the day – Tata motors up 3.18%, tata power 2.87%, Icici bank 1.55%, Bhel 1.95%, Axis bank 1.93%, Larsen 2.12%, Bharti airtel 1.75%.

Losers of the day- ITC down -2.41%, Infosys -1.08%, M&M -0.39%, TCS -0.42%, Wipro -0.20%.