Asian market
rose in early trade taking cues from positive Global market and US earning
report. Indian stock market opened positive, the NSE bench mark Nifty was up
0.02% and it is trading in range of 60015.15- 5971.30 lead by gains in Auto, Energy,
FMCG, Metal, and Bank. Infrastructure stocks trading poor.
TATA
Motors, ONGC, Coal India, HCL Tech, Wipro gained on Nifty index. BHEL, ICICI
Bank, Ambuja Cement, L&T, ACC declined. TATA Motors, Maruti, SBI, Dr
reddys, CIPLA, M&M was trading near 52 week position.
Trend stills remains
firm on Nifty index, due to down Indian economy and fiscal deficit. However, Government
action on Diesel and LPG price add some positive sentiments on market position.
Foreign institutional investment remained in stable position. Market needs
liquidity.
Oil and
gas stocks may extend their gain today due to proposal of oil and gas price by
oil ministry.
Intraday Tips
Sell
Union Bank of India Target 266.00 Stop Loss 280.
Buy
ONGC Target 301-302.
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