Indian Stock Market Trend Today 18 March

The market opened on a weak note as a sudden shock from Cyprus rattled investors' nerves across globe. Banks in Cyprus have decided to impose a levy on depositors amid wide protests,which led to a fear of contagion across the financial system in Europe. Benchmark indices reacted to the news, following its Asian peers. The Sensex lost 159.36 points at 19268.20 while the Nifty fell 47.15 points or 0.80% at 5825.45.

Intraday Stock Tips Today :-

1. BUY Tata Global Beverages Ltd. Intraday Target 135   Stop Loss 131.

2. BUY Sun Pharmaceutical Industries Ltd. Intraday Target 890   Stop Loss 830.

3. SELL State Bank of India Intraday Target 2200   Stop Loss 2256

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Nifty Predictions For Tomorrow - Intraday Tips

Indian share market today traded lackluster, Sensex noticed downtrend whole day Nifty also remains weak. The market has been more worried over political instability since the Trinamool Congress chief Mamata Banerjee's decision to withdraw support from UPA government. The Sensex closed at 18,349.25, down 146.76 points or 0.79 per cent. The broader index touched an intraday high of 18,443.92 and a low of 18,291.93.

Nifty Recommendations For Tomorrow -

As we predicted earlier, Nifty traded choppy today due to political issues. For tomorrow we expect Nifty to trade range bound. Traders and investors are advised to keep an eye on market as political drama may drive market to down again. Market sentiments are not high and Sensex too expected to behave lackluster. Nifty can see good levels in near term but for now avoid any long positions in the market. just wait and watch

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