The market has opened with small cuts. The Sensex is down 22.72 points at 28159.42, and the Nifty is down 18.65 points at 8510.80. About 270 shares have advanced, 246 shares declined, and 72 shares are unchanged. Shares of HDFC, Reliance Industries, M&M, ONGC, Bajaj Auto and Cipla gained 0.9-1.6 percent.
Infosys, Tata Steel, Vedanta, Hindalco and Tata Motors are major losers.
Intraday Trading Tips Today:
‘PTC India is a ‘SELL’ call with a target of Rs 71 and a stop loss of Rs 64′
‘Sell Eicher Motors at around Rs 20,860, with a target of Rs 20,200 and a stop loss of Rs 21,100’
‘Indian Bank is a ‘SELL’ call with a target of Rs 122 and a stop loss of Rs 133.50′