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Live Share Market Today:
Asian markets started weak on the first day of the week. Asian markets have seen pressure conditions due to negative cues from the U.S. markets. Actually poor corporate earnings in the U.S., the U.S. markets with Asian markets also have been deterred. Currently, all of the Asian markets are trading with the red mark Index.
Taiwan 1.05 percent decline in the index is the highest and is currently trading at 7331 levels. Nikkei and Kospi index are down nearly 1 per cent. The Straits Times Index dropped 0.5 per cent over the level of 3032. Hang Seng down Light is currently trading at 21 529, while the Shanghai Composite dropped 0.30 per cent was recorded.
Nifty For Today:
As all Asian markets are facing a down fall so Indian Market are also expected to trade in the same pattern. Technically when the markets are in a trading range, which is what they are doing. It was one more attempt to get past 5,730 which did not succeed. While the SGX is not suggesting that, we would assume that the markets are tipping on the downside. It does appear that a low below 5,600 should be recorded.
Stock Tips For Today:
- BUY Vaibhav Gems Ltd. For Short Term Target of 92.85 with a Stop Loss of 74.65
- BUY Puravankara Projects Ltd. with a Intraday Target of 75 with a SL of 68.
- SELL State Bank of India for Intraday with a Target of 2235 and a Stop Loss of 2215
- BUY UltraTech Cement Ltd. for Short Term Target of 2120 with a Stop Loss of 1970.
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