Accurate Indian Share Market Tips

LIVE: Sensex gives up some gains, slips below 25,000, Nifty50 holds 7,600; Tata Steel gains

The BSE Sensex staged a smart recovery and rallied over 200 points in early trade after China markets recovered and rose more than 2 per cent on Friday after Beijing deactivated a circuit breaker mechanism blamed for aggravating market crashes this week.

BUY TATA ELEXI ABOVE 2090 TG-2103-2115 SL 2063.3

BUY NILKAMAL ABOVE 1380 TG-1388-1398 SL 1363.3

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Today’s Stock Recommendation

Technical Overview: Stock recommendation for 8/1/2016 is Monsanto ltd.. In today’s trading session it was up by 3.49%. 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 2393. All the indicators are suggesting that one can go for long position in this stock above 2440 levels. The stock may test level of 2500-2550 in coming days.

Market Updates

Tata Steel was trading with gains of 0.96 per cent at Rs 252.50 after its Sukinda Chromite Mine (SCM) in Odisha’s Jajpur district become the first mine in India to roll out a pilot project on Sustainable Development Framework (SDF), a concept proposed and promoted by Union Mines Ministry for the development of culture of sustainable mining. Sensex was trading 114.40 points up at 24,966.23. Nifty was trading 36.35 points up at 7,604.65.

GLOBAL MARKET OVERVIEW  

Asian shares down sharply as trading halt again hits Shanghai. The Shanghai Composite Index was last down 7.32% to 3115.89. The S&P/ASX 200 eased 1.90% and the Nikkei 225 fell 1.78%.

Trading on the Shanghai Stock Exchange was halted Thursday about 30 minutes after opening when the benchmark Shanghai Composite fell 7.21% triggering the circuit-breaker system.

US stocks closed at their lowest level since early October on Wednesday, weighed down by fresh concerns over China and slower global growth and as energy shares tumbled with oil prices. 

The Dow Jones industrial average ended down 252 points to 16906, the S&P 500 lost 26 points to 1,990.26 and the Nasdaq Composite dropped 55 points 1.14 percent to 4835.

Live Indian Share Market Update

Sensex cracks 300 pts, Nifty opens below 7700 on China rout Tata Motors, Hindalco Industries, Adani Ports, Tata Steel, Axis Bank, Vedanta and Adani Ports plunged 3-4 percent.

The Sensex is down 347.75 points or 1.4 percent at 25058.58 and the Nifty slips 111 points or 1.4 percent at 7630. About 354 shares have advanced, 1620 shares declined, and 50 shares are unchanged. Tata Motors, Tata Steel, Hindalco, Maruti and BHEL are major laggards in the Sensex. Among the gainers are Lupin, GAIL and Bharti 

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The S&P BSE Midcap Index was down 1.07 per cent and BSE S&P Smallcap Index was trading 1.44 per cent lower. 

Indian Rupee Update

The Indian rupee opened marginally lower at 66.86 per dollar on Thursday against previous close of 66.82.The USD-INR is expected to trade in a range of 66.65-66.95/dollar today

INDIAN MARKET OVERVIEW

Equity benchmarks continued southward journey for the third consecutive session Wednesday on global weakness post nuclear weapons test by North Korea and sharp correction in crude oil prices. Nifty future down 52 points at 7750.

The 30-share BSE Sense down 174 points at 25406. The market breadth was weak as about 1409 shares advanced against 1509 declining shares on the BSE.

Government decided to close three unviable units of HMT including the once popular HMT Watches, along with HMT Chinar Watches and HMT Bearings, by offering an "attractive" VRS to the employees as per 2007 pay scales.

Cadila Healthcare gained 2 percent as Credit Suisse upgraded stock to outperform from underperform and raised target to Rs 405 from Rs 360 earlier despite USFDA warning letter.

SELL TATA ELEXI BELOW 2175 @ Free Share Market Tips Today

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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Market Update

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.

Top Twelve Stocks Focus in Today @ Live Stock Trading Tips

Here is a list of top twelve stocks that are in focus today:
Wipro Ltd 

Videocon Industries Ltd

IFCI Ltd

SITI Cable Network Ltd

L&T Ltd 

IDBI Bank

TCS Ltd

State Bank of Travancore Ltd

Travancore Ltd

Eros International Ltd

Aditya Birla

Chemicals & Grasim Industries Ltd

JSW Steel Ltd

MOIL Ltd

 

BUY TATA ELEXI ABOVE 2220 TG-2232-2247  SL 2193.3 

BUY  JETAIRWAYS ABOVE 735 TG-740-747  SL 721.3

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Indian Rupee Update

The Indian rupee gained in the early trade on Tuesday. It has opened higher by 11 paise  at 66.50 per dollar versus 66.61 Monday,we expect 66.30/dollar to be the floor in the near term and the rupee could test 66.90/dollar on the upside.

INDIAN MARKET OVERVIEW

Bears reigned over equity market on first day of the week as equity benchmarks crashed more than 2 percent following steep correction in Chinese markets on slowdown fears and geopolitical tensions. Nifty future down 172 points at 7809.

The 30-share BSE Sense down 537 points at 25623. The market breadth was weak as about 1277 shares advanced against 1608 declining shares on the BSE.

IRB Infrastructure Developers has bagged a Rs 10,050-crore order to construct the Zozila pass tunnel in Jammu & Kashmir.

Bajaj Auto sold 2.89 lakh unit in December 2015, flat compared to a similar figure in December 2014. The company's two-wheeler sales rose 1 percent to 2.47 lakh while commercial vehicle sales fell 4 percent to 41,221.