Weak Global cues led the market to
trade in negative zone today. Asian Markets started falling in this
early hour of trade and traders/investors started booking profit from yesterday's gain. The stocks which gained yesterday, showed a
weak opening today which is clearly reflecting the profit booking
scenario.
NSE's Nifty is currently trading lower
at 5329 down 15.50 points. Inability to prevail the level of 5300 may
cause a bearish trend in nifty while sustaining above 5350 can negate
the bearish view.
For Stocks, SBI can be a Good intraday
pick, stock traders can accumulate SBI stock for Intraday trading.
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