Wednesday, September 12, 2012

Market Trend: Nifty is likely to touch 5450 Today

Nifty has breached the level of 5400 and it is moving in the right range to lift the Nifty up to 5450. Cues from International  markets are positive and if domestic cues also support the market, we can expect Nifty to go up to 5450 level today.

Stocks In News Today- 

Fuel hike decision postponed, which has affetced the share prices of oil companies. BPCl may see a downfall in its share prices today.

Deccan Chronicle
Corporate debt restructuring  through the CDR.
Is approved by the Board. The stock is likley to remain negative

Siemens AG to sell  39.59 lakh share at   Rs 649-698 per share through block deals. 

JSPL / Bhushan Steel
Coal Controller has suggested to cancel the coal block listed companies. IMG will be meeting today for the verdict of  29 coal blocks. Traders can go for sell in Bhushan Steel below 460, targets- 455-450.


Posted By Commodity MCX Tips