Accurate Indian Share Market Tips

LIVE: Sensex gives up some gains, slips below 25,000, Nifty50 holds 7,600; Tata Steel gains

The BSE Sensex staged a smart recovery and rallied over 200 points in early trade after China markets recovered and rose more than 2 per cent on Friday after Beijing deactivated a circuit breaker mechanism blamed for aggravating market crashes this week.

BUY TATA ELEXI ABOVE 2090 TG-2103-2115 SL 2063.3

BUY NILKAMAL ABOVE 1380 TG-1388-1398 SL 1363.3

For More Share Market Trading Tips Visit to us at: http://www.capitalheight.com/stock-tips.php

Today’s Stock Recommendation

Technical Overview: Stock recommendation for 8/1/2016 is Monsanto ltd.. In today’s trading session it was up by 3.49%. Its long term trend is up. It has made a long green candle indicating further buying in daily chart. Its short term support level is 2393. All the indicators are suggesting that one can go for long position in this stock above 2440 levels. The stock may test level of 2500-2550 in coming days.

Market Updates

Tata Steel was trading with gains of 0.96 per cent at Rs 252.50 after its Sukinda Chromite Mine (SCM) in Odisha’s Jajpur district become the first mine in India to roll out a pilot project on Sustainable Development Framework (SDF), a concept proposed and promoted by Union Mines Ministry for the development of culture of sustainable mining. Sensex was trading 114.40 points up at 24,966.23. Nifty was trading 36.35 points up at 7,604.65.

GLOBAL MARKET OVERVIEW  

Asian shares down sharply as trading halt again hits Shanghai. The Shanghai Composite Index was last down 7.32% to 3115.89. The S&P/ASX 200 eased 1.90% and the Nikkei 225 fell 1.78%.

Trading on the Shanghai Stock Exchange was halted Thursday about 30 minutes after opening when the benchmark Shanghai Composite fell 7.21% triggering the circuit-breaker system.

US stocks closed at their lowest level since early October on Wednesday, weighed down by fresh concerns over China and slower global growth and as energy shares tumbled with oil prices. 

The Dow Jones industrial average ended down 252 points to 16906, the S&P 500 lost 26 points to 1,990.26 and the Nasdaq Composite dropped 55 points 1.14 percent to 4835.

Live Indian Share Market Update

Sensex cracks 300 pts, Nifty opens below 7700 on China rout Tata Motors, Hindalco Industries, Adani Ports, Tata Steel, Axis Bank, Vedanta and Adani Ports plunged 3-4 percent.

The Sensex is down 347.75 points or 1.4 percent at 25058.58 and the Nifty slips 111 points or 1.4 percent at 7630. About 354 shares have advanced, 1620 shares declined, and 50 shares are unchanged. Tata Motors, Tata Steel, Hindalco, Maruti and BHEL are major laggards in the Sensex. Among the gainers are Lupin, GAIL and Bharti 

For More Stock Trading Tips Visit to us at:www.capitalheight.com/stock-tips.php

 

The S&P BSE Midcap Index was down 1.07 per cent and BSE S&P Smallcap Index was trading 1.44 per cent lower. 

Indian Rupee Update

The Indian rupee opened marginally lower at 66.86 per dollar on Thursday against previous close of 66.82.The USD-INR is expected to trade in a range of 66.65-66.95/dollar today

INDIAN MARKET OVERVIEW

Equity benchmarks continued southward journey for the third consecutive session Wednesday on global weakness post nuclear weapons test by North Korea and sharp correction in crude oil prices. Nifty future down 52 points at 7750.

The 30-share BSE Sense down 174 points at 25406. The market breadth was weak as about 1409 shares advanced against 1509 declining shares on the BSE.

Government decided to close three unviable units of HMT including the once popular HMT Watches, along with HMT Chinar Watches and HMT Bearings, by offering an "attractive" VRS to the employees as per 2007 pay scales.

Cadila Healthcare gained 2 percent as Credit Suisse upgraded stock to outperform from underperform and raised target to Rs 405 from Rs 360 earlier despite USFDA warning letter.

Stock Future Tips for Today & Market News Updates

Stock Future Tips for Today:-

·         BUY MINDTREE FUTURE ABOVE 1538 TG1 1543 TG2 1550 TG3 1560 STOPLOSS 1520

·         SELL ICICIBANK FUTURE BELOW 259.5 TG1 258 TG2 256 TG3 253 STOPLOSS 264

·         SELL DR REDDY FUTURE BELOW 4045 TG1 4037 TG2 4027 TG3 4015 STOPLOSS 4077

Market News Updates:-

               Asian share markets came under intense selling pressure, with Japan's Nikkei 225 index losing over 4 percent, following a steep retreat on Wall Street as below-view data intensified concerns about the health of China's economy. China's Shanghai Composite declined 2.06 percent at close and Hang Seng fell 3.23 percent.

               The Reserve Bank today revised downwards its real GDP forecast for 2015-16 to 7.4 percent from earlier expectation of 7.6 percent, saying that growth is expected to pick up in the latter part of the fiscal.

            The Sensex fell 25.93 points to 25590.91 and the Nifty dropped 11.45 points to 7784.25. About 866 shares have advanced against 1306 shares declined on the BSE.

For Stock Future Tips & Market Updates visit at www.capitalheight.com/stock-future-tips.php or call @ 0731-6615050; +91 9993066624