On October series Indian stock market opened weak note with positive side, Nifty and sensex showing volatile trend. At 10.30 AM nifty fall 8.40pts or 0.11% at 7902.75 and the sensex falling 30.07% or 19.25 pts at 26450.13 . High volatility are seeing in both indices following weakness in global peers.
Stocks from IT, pharma and private banking can be accumulated on declines with medium to long term of investment horizon. CNX IT down -0.49%, FMCG decline -0.49%,
Coal India, Sesa Sterlite, Tata Motors, Axis Bank, Hero Motocorp, Jindal Steel, Asian Paints and PNB dropped 1-3% while Cipla, Infosys, Wipro, ONGC, Bajaj Auto, Lupin, Tech Mahindra, DLF and IndusInd Bank gained 0.3-1%.
Intraday calls for 26 september 2014
Infosys Ltd BUY target of Rs 3750 and a stop loss of Rs 3670.
HCL Technologies Ltd BUY target of Rs 1740 and a stop loss of Rs 1707.