Friday, May 17, 2013

Share Market Trend Today: Intraday Stock Tips For 17th May

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Share Market Trend Today
The Indian markets managed to extend their gaining streak in the last session, though the gains were modest and the trade too remained choppy. Today, the start is likely to be steady and traders will look for strong cues to extend their bets. Meanwhile, the Prime Minister’s Office (PMO) has asked the Planning Commission to formulate a draft Bill on Dispute Resolution in Public Contracts in consultation with all stakeholders and Ministries. As the government aims to get 50 percent of its $1 trillion investment target for infrastructure sector from private companies. There will be some buzz in the export oriented stocks, as the External Affairs Ministry has said that it will draw a roadmap for Indian Missions abroad to push export promotion activities and help the country to arrest export slowdown. At the same time there will be reaction in pharma sector after the government issued the long-pending drug price control order, paving the way for the implementation of national pharmaceutical pricing policy, which will lead to a reduction of an average 20-25% in medicine prices.

Intraday Stock Tips For Today
  • Chambal Fertilisers Buy at 47.75, target at 49, stop loss at 47
  • UCO Bank Buy around 80.75 for target of 82 and a stop loss at 80
  • IDFC Buy above 163.25 level, target at 167 with stop loss at 161
  • JM Financial Buy above 23.5, stop loss at 23 and a target at 25.

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