Nifty Trend/Share Market Outlook: On the back of worries about the economy and weak global cues, the Indian share market traded lower and ended with moderate losses today. Other factors like profit booking and a downgrade of India's GDP growth by S&P also played an important role to the decline of markets today. The BSE Sensex, which decreased to 18,650.43, closed at 18,675.75 with a loss of 77.08 points or 0.41%. The NSE Nifty shut shop at 5671.65, down 19.50 points or 0.34%.
BHEL |
Stock Of The Day : BHEL- It can move up to Rs.266 where it has resistance. Bhel has cross over its 1sr resistance level of Rs.235 & 100 days moving average hence now possibility to reach Rs.266 which is its next resistance.
Hot Stocks To Buy Sell : Lanco Infra, BHEL, HDIL, SBI, Pantaloon Retail, Kingfisher Airlines, Tata Motors.
SHORT TERM CALLS (Duration: 1-2 months)
1. Dena Bank : Buy between 102-104 for the Target1- 115 Target2- 118 with Stop Loss- 96.
2. Housing Development (HDIL) : Buy between 82-85 Target1- 93 Target2- 97 with Stop Loss- 74.
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