Intraday Stock Cash Tips:-
BUY GODFRY ABOVE 1275 TG-1283-1293 SL 1259.9
BUY NAVINFLOUR ABOVE 1830 TG-1843-1860 SL 1807.85
BUY ATUL ABOVE 1685 TG-1695-1708 SL 1661.9
BUY 8K MILES ABOVE 1845 TG-1855-1868 SL 1827.85
Market Trend:-
The S&P BSE Sensex started on a cautious note in
morning trade on Monday, led by gains in Bajaj Auto, ICICI Bank, HDFC Bank, RIL,
and Dr Reddy's Laboratories.
The Nifty50 managed to recoup its early morning losses, but was still trading above its crucial psychological level of 7850, supported by gains in realty, power, oil & gas, banks, pharma, and auto stocks.
Shares of Vedanta, GAIL slipped up to 2 per cent in trade while those of Adani Ports, Asian Paints and SpiceJet gained up to 3 per cent.
The rupee fell by 4 paise to 66.23 against the US dollar on Monday in contrast to the gains seen in other Asian currencies.
The Nifty50 managed to recoup its early morning losses, but was still trading above its crucial psychological level of 7850, supported by gains in realty, power, oil & gas, banks, pharma, and auto stocks.
Shares of Vedanta, GAIL slipped up to 2 per cent in trade while those of Adani Ports, Asian Paints and SpiceJet gained up to 3 per cent.
The rupee fell by 4 paise to 66.23 against the US dollar on Monday in contrast to the gains seen in other Asian currencies.
- Indian markets edged up. Sensex & Nifty up by 1.01% and 1.21%
- Wall Street ended flat. USD Core CPI (MoM) (Oct) comes 0.2%.
- Asia-Pacific markets closed positive. India WPI Inflaction (YoY)(Oct) -3.81%
- Indian indices recover from support level amid strength in Indian currency and bet the US Federal Reserve sentiments. A slew of policy announcement by the government after Wednesday’s market close also boosted investor sentiment. Recovering from a 2month low, the Sensex ended at up 359 points the biggest advance since oct5. The much-awaited 7th pay commission has proposed a 23.55% hike in emolument, including pay, allowances and pension for 4.8m government employee and 5.5m pensioners.
- Indian indices remained in consolidated mode between 7720-7790 range and closed on weak note so week ahead again market is likely to go down if Nifty sustains below 7850 level but sustaining above 7900 level may lead a bullish rally. Dropping of general Wholesale Price (WPI) in Oct. for 12th straight month in oct. masked the fact that some food items have seen a surge in inflation since Nov. last year. The downward spiral in wholesale price index has been characterized by ebbing weak domestic demand.
- World markets trend moves up during the
week. USA, Asian and Euro markets were recover on positive note during the
week. DAX and CAC closed positive by 3.84% and 2.14% each. FTSE100 index went
up by 3.54%; S&P 500 closed positive by 3.18%; NASDAQ were up by 3.57%. In Asian market Nikkei went up by 1.44%. HangSeng went down by 2.74% & KLSE went up by 0.18%. Jakarta was up by 1.98%, Straits Times down by 0.27% and Seoul closed on positive note by 0.84%.
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