Today’s Stock Recommendation Technical Overview: Stock recommendation for 6/1/2016 is PVR. In today’s trading session it was up by 2.16%. Its long term trend is up. It has made a long green candle indicating further buying in daily chart. Its short term support level is 803. All the indicators are suggesting that one can go for long position in this stock above 825 levels. The stock may test level of 850-870 in coming days.
SELL TATA ELEXI BELOW 2175 TG-2160-2142 SL 2208.85
SELL JETAIRWAYS BELOW 735 TG-730-724 SL 748.3
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Nifty opens below 7800, Sensex weak; Lupin, ONGC, Infosys down
The market has opened lower as the Sensex is down 23.09 points at 25557.25. The Nifty is down 10.15 points or at 7777.25. About 825 shares have advanced, 300 shares declined, and 470 shares are unchanged.
Bharti Airtel, Dr Reddy's Labs, Sun Pharma, Coal India and BHEL are top gainers while Lupin, Infosys, ONGC, Tata Steel and GAIL are major losers in the Sensex.
GLOBAL MARKET OVERVIEW
Chinese markets tumbled at the open Tuesday, but quickly erased early losses as Asian markets recovered from a sharp selloff in the previous session.
The Shanghai Composite tacked on 0.95 percent after initially trading down as much as 3.1 percent.
The Dow Jones industrial average closed down 276 points to 17148, the S&P 500 lost 31 points to 2012 and the Nasdaq Composite dropped 104 points to 4903.
U.K. manufacturing PMI fell to a seasonally adjusted 51.9 last month from a revised reading of 52.5 in November. Analysts had expected the index to inch up to 52.7 in December.