7 october 2014 Equity market updates| Buy sell recommendation for today

After a long weekend of five days,Market started of Tuesday’s trade on a lower note . Nifty sensex in under pressure with the Sensex falling 22.52 points to 26545.47 and the Nifty losing 11.25 points to 7934.30 still nifty was trading above its crucial psychological level of 7900.

However, the broader markets outperformed indices with the BSE Midcap and Smallcap indices rising 0.4 % each.

The Indian rupee opened higher by 20 paise on Tuesday at 61.41 per dollar against 61.61 a dollar on last Wednesday.

Tata Steel Ltd is a SELL call with a target of Rs 439/438/437 and a stop loss of Rs 456.

BHEL is a SELL call with a target of Rs 190 and a stop loss of Rs 205.

Shares of Metal sector Topped in selling list, CNX metal down 1.62% at 2807.02. Hindalco is trading down 3.90% and the jindal steel drop 3.90%. 

Bullish stock- Infosys, Tata motors, TCS, Tech mahindra, IDFC, HCL tech, Axis bank, HUL, IDFC, Lupin.

Bearish stock- Cairn india 3.29%, Hindalco 4.0%, Jindal steel 3.34%, Sesa sterlite 3.06%, Ultra tech cement 3.12%, Cipla 2.13%. 

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