Indian stock markets opened with a huge positive gap on Tuesday on back of strong global cues. At 10.50 a.m. BSE Sensex was up by 120 points at 17,770. The NSE nifty was up by 41 points at 5241.
Dow Jones Industrial Average closed 189 points higher on Monday. Asian stocks were also trading higher in early trades. Hong Kong's Hang Seng was up by 1.7%. Japan's Nikkei was up by 0.5% in early trading session.
Among major gainers were Reliance Power, ICICI Bank, Suzlon, Unitech and Wipro.
Indian Stock markets remained range-bound on Tuesday after a weak opening. The NSE Nifty closed at 5,483.90 with a gain of 20 points. BSE Sensex closed 18,696 with a gain of 35 points. Technical Analysts at Angel Broking see a major support for NSE Nifty at 5400. The next support is at 5380.
Pharmaceutical counters gained in today’s trade. Sun Pharmaceuticals, Ranbaxy, Dr. Reddy’s labs and Cipla closed with decent gains. Ranbaxy and Dr. Reddy were trading in positive zone with both stocks gaining over 3.5 percent.
Technical Analyst, Ashwani Gujral is of the view that investors can buy Reliance Communication with a stop loss of Rs 625 for a target of Rs 815. Do not miss the chance to book your profit.
The stock on NSE has touched high of Rs 704.90 after a recovery from low of Rs 678.60 during intraday session. Stock opened today at Rs 658 against the previous closure of Rs 686.10.
Current P/E ratio and EPS are 51.81 and 13.38 respectively.
According to the market analyst E Mathew, stock of MERCATOR LINE may
be purchased by the investors with the stop loss of Rs 108 for the
short term target of Rs 158.
The stock has touched a high of 121 after falling to a low of 117.75
intraday. Stock opened today at Rs 118 as against the previous closure
of Rs 116.85.
According to the view of market analyst E Mathew, stock of chemical major GHCL is looking very positive at current market price. According to the analyst, investors can purchase GHCL with the stop loss of Rs 124 to achieve the short term target of Rs 154 and 160.
At 12:48pm, the stock was trading around Rs 143. The index of the stock touched a high of 147 recovering from the intraday low of 142.25. The stock is currently trading at a P/E of 11.92 at current price with Earnings per Share of Rs 12.04 per share.
As per the technical chart, the day traders may purchase VOLTAS around Rs 196 with the stop loss not below Rs 194 to achieve the intraday target of Rs 207. The stock has down support of Rs 185.
On NSE, the stock has touched intraday high and intraday low of Rs 210 and Rs 199.10 respectively. The stock is trading at a P/E of 25.34 at current price with Earnings per Share of Rs 8.25 per share.
This is intraday call from the market experts for day traders to buy the stock of RELIANCE PETROLEUM in today’s trading session.
According to the experts stock may be purchased around Rs 163 with the strict stop loss of Rs 161 for the upper resistant target of Rs 166, if stock remains positive, the next target will be of Rs 172. Stock has down support of Rs 156.
The index of the stock has touched a high of 174.90 recovering from the intraday low of 171.
The stock of the Steel Authority of India (SAIL) is trading positively since last few days and day traders are advised by the market analyst to purchase SAIL around Rs 222 with the stop loss of Rs 220. The stock can be purchased for the target of Rs 231. The down support of the stock is Rs 216.
Stock opened today at Rs 229.90 as against the previous closure of Rs 225.45. At 11:52am, the stock was up by 2.46% to Rs 231 and was rising more to break all the records, so don’t miss the chance to book your profit. The stock touched a high of 234.90 after falling to a low of 227.75 intraday.
Investors can earn profit from Asian Electronics, as it is a brilliant stock for short-term trading. The stock can be purchased by the investors with a strict stop loss of Rs 490 for short term targets of Rs 570 & 810.
Stock analyst Ashwani Gujral has given this buy call.
In yesterday’s trading session, the stock gained 15.49% at Rs 551.95 on BSE. Those who want to reap gains from this excellent stock can purchase this stock between Rs 501-515.
Technical analyst Ashwani Gujral has suggested investors to buy Indian Bank with a stop of 219 to achieve a short term target of Rs 265.
Mr. Gujral also told that investors should not hold this stock for medium or long term as it is very risky to keep it for future due to the declining trend of the stock market. Buy it, make decent profit and sell it. This is the real mantra for this stock.
Interested investors can buy the stock around Rs 225; don’t buy it on upper levels.