Tuesday, March 19, 2013
Intraday Stock Tips For Tomorrow: 20th March '13
Shares nosedived on Tuesday as the DMK party's decision to pull out of the ruling UPA rattled investors, overshadowing the Reserve Bank's move earlier in the day to cut the benchmark Repo rate by 25 basis points .
The 30-share BSE Sensex crashed 285.10 points to end the day at 19008.10, and the 50-share Nifty fell 89.30 points to finish at 5745.95. This is the largest single day fall in the Sensex since February 28.
BHEL is trading at Rs 195-196 and has broke a key support level. At the current price may be short in BHEL. For intraday purpose BHEL is in sell position with stop loss of Rs 202. Target of Rs 160 is in stock for mid term.
Shree Renuka Sugars
In Sugar sector Shree Renuka Sugars is a sure shot deal in selling side with stop loss of Rs 27.50. We are expecting that share may go down.