Market Watch

Friday, 21 August 2015

Intraday Stock Cash Tips & Market Strategy

Intraday Stock Cash Tips
SELL TATA ELEXI(LCP-2099.25) BELOW 2088 TG-2078-2065
SELL JUSTDIAL (LCP 964.05) BELOW 960 TG-955-948
SELL AJANTA PAHRMA (LCP-1637.1) BELOW 1630 TG-1622-1612
SELL RAJESH EXPO (LCP-587.65) BELOW 583 TG-577-571
Indian Rupee Update
The Indian rupee continued its downtrend on Friday, hitting a fresh two-year low. 
The currency has opened at 65.73 per dollar, down 19 paise compared to previous day’s closing value of 65.54 per dollar.The range for rupee is seen between 65-66/dollar today.
 Stock Market position
The market has fallen sharply at opening. The Sensex is down 416.41 points or 1.5 percent at 27191.41 and the Nifty is down 129.80 points or 1.5 percent at 8242.95. 
The 50-share index is at a 2 month low. About 135 shares have advanced, 847 shares declined, and 22 shares are unchanged.
Indian mkts. ended on negative note. Nifty and Sensex dwn by 1.44% and 1.16%. Asia Pacific traded down Hang Seng down by 1.8% and Kospi up by 1.3% Wall St. Flat.USD ISM Manufacturing PMI down to 52.7 Dow fut. dwn by 257 pts. Indian indices down and closed on positive note. 
On sectorial front Pharma FMCG, Infra, IT, Media and Auto were up while Metal was down during the session. Sensex was down by 323 points at 27607 & Nifty went downby 122 points to settle at 8372 level. European markets trade downside
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