Monday 23 May 2016

Morning Stock Market News Tips Today ; Markets open flat, Nifty trades below 7,750

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The S&P BSE Sensex slipped 25 points to open at 25,206 and the Nifty50 dropped 5 points at 7,726. Markets have started the session on a marginally lower note tracking weakness among global peers. The S&P BSE Sensex slipped 25 points to open at 25,206 and the Nifty50 dropped 5 points at 7,726. Stocks specific action will continue to dictate the trend as the last batch of quarter results are unveiled this week.

Nifty
Current: 7,731 (futures: 7,739)
Target: NA

Stop-shorts at 7,800. Stop-long positions at 7,660. Big moves could go till 7,850, 7,600. A long 7,700p (11), long 7,800c (19) would breakeven at 7,670, 7,830 and it could make serious gains if there is one big session in the next three.

Bank Nifty
Current: 16,408 (fut: 16,395)
Target: NA

Stop-long positions at 16,300. Stop-short positions at 16,500. Big moves could go till 16,700, 16,100. Downtrend may continue.

ITC
Current price: Rs 347
Target price: Rs 340

Keep a stop at Rs 350 and go short. Add to the position between Rs 342 and Rs 344. Book profits at Rs 340.

PowerGrid
Current price: Rs 148
Target price: Rs 152

Keep a stop at Rs 146 and go long. Add to the position between Rs 150 and Rs 151. Book profits at Rs 152.

Cipla
Current price: Rs 497
Target price: Rs 490

Keep a stop at Rs 502 and go short. Add to the position between Rs 492 and Rs 494. Book profits at Rs 490.

1 comment:

aditi said...

If these updates are available to the traders timely then they can effectively use these information and earn good profit using them. As stock market is of highly volatile nature and discounts almost every information.Therefore it is suggested to perform authentic research work before investing and use accurate stock tips to ensure your profitability.