Market is looking for a consolidate trend after RBI's credit policy after budget. After budget market has come with a boom. So we are accepting something good came out of credit policy, the market can move fast. Asian markets rise looking at the Indian market has light edge. Oil & gas, realty, PSU, bank, power and pharma stocks is looking to purchase a slight edge in the domestic markets. Equity benchmarks began steady Monday, with realty, and oil and gas shares leading early gainers. The Sensex was up 41 points at 19724 and the Nifty up 13 points at 5958. The benchmarks rallied around 4 percent each last week, but experts feel the pace of the uptrend could moderate as the market lacks fundamental triggers at this point. Technical analysts see profit booking setting in at 6000 on the Nifty.
Intraday Stock Tips For Today:
- Punj Lloyd Buy above 46 with a target of 47.5 and a stop loss at 45.
- Pipavav Defence Buy at 68.75 level with a stop loss of 67.4 and a target at 71
- Suzlon Energy Buy around 16.9 for target of 17.5 and a stop loss at 16.5
- Dhampur Sugar Strong Buy around 47.6 to get 49 as target with stop loss of 46.5
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