Thursday, June 20, 2013
Nifty is Looking Down Today says Udayan Mukherjee: Intraday Tips For Today
Us showcases dropped over a percent on Wednesday on the probability of Fed decreasing its bond buy program Treasury costs fell after the advertisement with the benchmark 10-year yield hitting its most abnormal amount since 2011. European markets likewise finished lower in meager and rough exchanging. Again on the home turf, the Sensex rose only 22.42 focuses to close at 19245.70, and the Nifty picked up 8.65 focuses to complete at 5822.25.
In the mean time, reflecting the Wall Street, the Asian markets opened lower on Thursday by less than half a percent. "The significant Fomc gathering has not worked out for the worldwide markets as the bulls might have trusted. Bernanke's expressions will have incredible implications for the macro of different nations and absolutely for suggestions on each stake class. Things have moved totally in the wrong bearing from what we might have anticipated that or trusted will see. Today it will make some turbulence in India moreover," says Cnbc-Tv18's operating manager Udayan Mukherjee.
Intraday Tips For Today
Sintex Industries Sell at 47.25, target: 45, stop loss at 48
Jindal Steel Sell below 245.75, stop loss: 248, target: 235
REC Buy around 208.25 level, target at 215, stop loss at 206
Punj Lloyd Sell at 38, target: 36, stop loss at 38.5
Opto circuits Sell below 22, target: 20.5, stop loss at 22.5
HCL Tech Sell below 779.75, target 740, stop loss at 790
GSPL Buy above 54.25, target 57, stop loss at 53.5
Sun TV Sell below 359 level, target 340, stop loss at 366