Tag Archives: Nifty trading idea
Market has started the trading session on a bearish note with positive bias.The RBI governor will announce the monetary policy during todays session.
The Nifty index has gained by 17 points at 6156 levels and sensex was higher by 52 points at 20664 mark.
Interest rate is sensitive because auto, bank and realty stocks are in focus further of the RBI mid quarter monetary policy review today.
HDFC, Reliance Industries, Bajaj Auto and BHEL gained between 1.5-2.5 percent followed by L&T, TCS and SBI with a 0.8 percent gain.
However, ITC, Tata Motors, Hindustan Unilever, ICICI Bank, Jindal Steel and Sesa Sterlite are under pressure.
Sell ICICI Bank with a target 1065 and a stop loss 1110
Buy ITC Ltd with a target 330 and a stop loss 310
Sell HDFC Bank Ltd with a target 635 and a stop loss 669
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Today market opened in strong note.the rupee continued to strengthen against the US dollar on hopes of strong inflows, Indian rupee opened at 62.12 per dollar gained 29 paise, according to me, the range for the day is seen between 61.80-62.50/USD.The nifty is hovering around the 6200 level.
The stock was trading at 191.95 up with 5.87%.Nifty is up 14.95 points at 6203.95 and the sensex is up 60.82 points at 20911.56.
Gainers—Hindalco industries 3%, Reliance industries 0.98%, L&T 1%, JSPL 1.4%, GAIL india 1.1%, Jindal steel 2.45%, Maruti suzuki 1.94%,SBI 1.07%, Bharti airtel 1.54%, ICICI bank 1%.
Losers—-HDFC bank 0.5%, Tata motors 0.28%, BHEL 0.07%, dr reddy labs 0.27%, ITC 0.28%,sun pharma 0.08%, tata motors 0.36%, TCS 1.04%.
Buy stock for today—
Buy GAIL above 326.05 target 327/328/329 stoploss 320
Buy Hindalco above 123.30 target 126/129/132 stoploss 115
Buy SBI above 1.789.00 target 1790/1791/1793 stoploss 1775
Buy maruti suzuki above 1658.45 target 1659/1660/1662 stoploss 1650
Market started in a bullish note, nifty Can scale above 62500 levels today nifty and sensex both index expected to open higher.Nifty IT and bank indexes are looking attractive now.Nifty opened with a hit fresh high of 2013 by gains of rate-sensitive stocks.Today nifty opened high with points 9.75 or 6230.65 from its previous close.Capital goods index was down in nifty 0.03%
In BSE sensex stock is up 4% BSE sensex was at 21025.45 high 96.44 points or 0.39% it touched intraday high of 21037.59 and intraday low of 20939.36.sensex is up by sectoral indices Bankex up 0.80%, power index up 0.57%, reality index up 1.34%, healthcare index gained 0.42%.
Today stock to buy—Asian paints, Idea cellular,BHEL, ICICI bank, Bajaj auto, Dr reddy’s labs,DLF, Lupin,Ranbaxy,wipro,Bharti airtel.
Stock trading ideas—-
Buy Bharti airtel above 357 target 363/367/371 stoploss 350
Buy bHEL above 139.75 target 142/144/146 stoploss135
Sell cipla below 417.95 target 417.85/417.50/417 stoploss 415
Today market trend in positive note, Nifty sensex both opened on positive note in line with other global market.On monday indian rupee gained 6 paise today trade at 61.40 per dollar.
Nifty open at 6155.10 up with 10.20 points Nifty index touched intraday high of 6168.75 and a intraday low of 6153.20 in tradae today.
Nifty Bullish stocks—Larsen & tourbo1.96%, Axis bank 1.94%, Kotak bank, 1.31%, Icici bank 1.05%,IDFC 0.97%,RIL 1.45%, Hind. Unilever 1.51,
Sensex index was at 20751.41 high with 39.53 points or 0.33% sensex touched intraday high of 20766.18 or intraday low of 20689.08.
Sensex bullish stock—Tata motors 1.42%, ICICI bank 1.11%, RIL 1.70/5, larsen & tourbo 2.49%, HDFC 1.01, Tata power 0.75%, Maruti suzuki 0.70%,
Sensex bearish stock—Wipro 0.14%,Coal india ltd 0.56%,Sun pharma 1.36%,ITC 3.01%,Infosys 0.23%,JSPL 0.19%,
Buy sell ideas–
Buy state bank of india Above 1729.00 target 1731/1732/1735 stoploss 1725
Buy gail above 345.25 target 347/350 stoploss 335
Sell cairn india below 311.65 target 307/305 stoploss 320