NIFTY OUTLOOK For Tomorrow 13 September: After a positive start a positive blow from Asian markets leads our benchmark indices. But soon it gave up some gains following the release of a weakes than expected July industrial production report. After hitting a high of 18,012.69, the Sensex ended at 18,000.03, recording a gain of 147.08 points or 0.82%. The Nifty of NSE shut shop at 5431 with a gain of 41 points or 0.76%.
CURRENCY UPDATES:
Sell USD/INR on rally near 55.31 with a stop loss of 55.45 for a target of 55.12.
Buy EUR/USD on dips near 1.2817 with a stop loss of 1.2771 for a target of 1.2883.
HOT STOCKS: JSW Steel & JSW Ispat merger: It has chosen purchase accounting rather the pooling of interest method, which will allow revaluation of assets of JSW Ispat and higher net worth for the combined entity
Short-To-Mid Term Calls:
1) J B Chemicals & Pharma - (Duration: 4-5 weeks)
Buy on dips to Rs 68 for a target of Rs 77 with a stop loss below Rs 65.50.
2) Bank Of Baroda (BOB)- (Duration 2-3 weeks)
Buy above Rs 650 for target of Rs 675 with stop loss Rs 640.
3) Union Bank Of India (UBI)-(Duration 1 week)
Buy above Rs 164 for target of Rs 161.50 with stop loss of Rs 169.
CURRENCY UPDATES:
Sell USD/INR on rally near 55.31 with a stop loss of 55.45 for a target of 55.12.
Buy EUR/USD on dips near 1.2817 with a stop loss of 1.2771 for a target of 1.2883.
HOT STOCKS: JSW Steel & JSW Ispat merger: It has chosen purchase accounting rather the pooling of interest method, which will allow revaluation of assets of JSW Ispat and higher net worth for the combined entity
Short-To-Mid Term Calls:
1) J B Chemicals & Pharma - (Duration: 4-5 weeks)
Buy on dips to Rs 68 for a target of Rs 77 with a stop loss below Rs 65.50.
2) Bank Of Baroda (BOB)- (Duration 2-3 weeks)
Buy above Rs 650 for target of Rs 675 with stop loss Rs 640.
3) Union Bank Of India (UBI)-(Duration 1 week)
Buy above Rs 164 for target of Rs 161.50 with stop loss of Rs 169.
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