Intraday Stock Trading Tips & Market Strategy by CapitalHeight

 Today’s Intraday Stock CashTips :-

• SELL TATA ELEXI(LCP-1864.95) BELOW 1860 TG-1850-1837
• SELL CEAT (LCP 1100.7) BELOW 1097 TG-1090-1081
• SELL AJANTA PAHRMA (LCP-1429.1) BELOW 1425TG-1415-1405
• SELL SRF (LCP-1199.35) BELOW 1195TG-1187-1180

 Today’s Market Strategy:-

The Indian stock market is headed for a weak start this morning, with investors reacting to disappointing Chinese manufacturing and services sector data. Data showing India's GDP growth to have declined to 7% in the first quarter ended June 2015 and weak core sector output are also likely to weigh on the market to a notable extent.

• Indian markets ended bearish note. Nifty and Sensex down by 0.38% and 0.41%.
• Asia Pacific traded mixed Nikkei225 down by 1.30% and Kospi up by 0.02%
• Wall St. Flat.USD ISM Manufacturing PMI down to 52.7. Dow fut. up 22.50 pts.

Indian broad indices showed volatile movement and closed on negative note. On sectorial front Energy, Realty and FMCG were down while Pharma sector was up by 2.11%. Sensex was down by 109 points at 26283 & Nifty went down by 30 points to settle at 7971 level. European markets trade Mixed.
                    The SGX Nifty, an indicator of the market opening, was trading at 7924.50, down 75.50 points at 7:30. The markets slipped in the last hour to end with marginal losses with the nifty falling below 8,000. Equity benchmarks shed 0.4 percent, dragged by profit booking in capital goods, select banking & financials, oil and technology stocks while pharma stocks bucked the trend.
Indian Rupee Update
The Indian rupee fell in early trade on Monday. It has opened lower by 11 paise at 66.25 per dollar against Friday’s close of 66.14 a dollar; we expect a 65.95-66.35/dollar range for the day.

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