The Indian market fell on Friday. The Sensex slipped 130 points. Meanwhile, the Nifty declined 32 points and closed at 5,676.05. The Indian market lost 1.3 percent last week. Our Technical support team suggesting the Nifty could be choppy today. It would be a seller on rallies. In the short-term, Nifty should slide further. We are assuming that we will break 5,630 low that we made and eventually probably move towards 5,500.
On the week began RS start to weaken on the first day week. Rupee against the U.S. dollar today is unlocked at level 53. With nearly 20 cents of Dollar weakness is open. Last week the U.S. dollar against the rupee closed at 52.80.
Best Stocks To Trade Today
What will be the date on which the stock market as noticeable.
Kingfisher Airlines
UB Group employees today called for discussion. DGCA will decide, after due notice, on 20 October.
Deccan Chronicles
BCCI issued a tender for new IPL franchises. Ahmedabad, Indore, including 12 cities asked for bids.
L & T Finance
NCD issue of Rs 150 crore company.
Tulip Tele
Religare Finvest 2.9 per cent stake in the company to 11.6 per cent.
Intraday Tips For Today:
- BUY MSP Steel -and- Power Ltd. For Intraday Target of 33 and a stoploss of 28
- BUY Phillips Carbon Black with a Intraday Target of 118 and Stop Loss is at 109
- BUY City Union Bank with Intraday Target price of 62 with a stoploss of 56.30
- BUY India Cements to get Intraday Target of 104 and put a Stoploss at 99.
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