The Nifty was subdued in an early trade, opening below the 5510 level amid volatility. Consistent inflow of foreign money has been supporting the market whereas on other side, concerns like rising oil prices, disappointing economic data from major continents like US & Europe still weighed on the market.
Metals, capital goods and power stocks were down while FMCG, technology and HDFC group companies' shares were on buyers' radar.
The Sensex was down 44.32 factors to 18,100.90 and the Effective dropped 18 factors to 5,486.40. Oriental marketplaces were down on lacklustre financial information from US and European countries. Hang Seng, Straits Times, Kospi and Taiwan Heavy dropped 0.5-1%.
Intraday Tips -
HAVELLS (LTP: 524.6) - SELL
For today's trade, short position can be initiated only in Rs.532-536 for a target of Rs.514-509, with a strict stop loss of Rs.540.
- HEROMOTOCORP (LTP: 2139.2) - BUY
For today's trade, long position can be initiated only above Rs.2152 for a target of Rs.2191-2210, with a strict stop loss of Rs.2131. Traders are advised to avoid early morning whipsaw
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Metals, capital goods and power stocks were down while FMCG, technology and HDFC group companies' shares were on buyers' radar.
The Sensex was down 44.32 factors to 18,100.90 and the Effective dropped 18 factors to 5,486.40. Oriental marketplaces were down on lacklustre financial information from US and European countries. Hang Seng, Straits Times, Kospi and Taiwan Heavy dropped 0.5-1%.
Intraday Tips -
HAVELLS (LTP: 524.6) - SELL
For today's trade, short position can be initiated only in Rs.532-536 for a target of Rs.514-509, with a strict stop loss of Rs.540.
- HEROMOTOCORP (LTP: 2139.2) - BUY
For today's trade, long position can be initiated only above Rs.2152 for a target of Rs.2191-2210, with a strict stop loss of Rs.2131. Traders are advised to avoid early morning whipsaw
