Nifty Tips
Due
to weak
cues from
international markets, today's
session began
with the fall of 0.25 per cent.
Technical,
IT, FMCG stocks are 0.5 to 0.3 per cent stronger.Health care, realty,
bank stocks is idling. Oil & Gas, PSU, metal, power, capital
goods stocks are weak 0.2-0.4 per cent. Consumer durables, auto
shares have fallen 0.6 per cent.
Bharti
Airtel continued to fall after 2 days of profit
booking
and bounced
back to
rose 2 per cent.
First
quarter earnings rose by
0.5
per cent of the SBI and Sun Pharma. Excellent
results of tech Mahindra have escalated the stock nearly 3% today.
Tata
Motors due to weaker than expected results continue to fall and the
stock has lost 2.5 per cent.The results were poor and 2.5 per cent of
Ranbaxy shares are rolled. Because of poor results, GMR Infra
shares have crashed 2 per cent.
For
today, the market is likley to remain under selling pressure. A
sideways trend with negative bias is likely to dominate the market
trend. Technically, Nifty needs to remain above 5300 to avoid major
downfall.
For
day Trading, Buy Sun pharma above 682 for the targets of
687.50-682.00.
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