Share Market opened positive Nifty opened 30 points higher on Monday. Ranbaxy, Infosys, Wipro, Tata Motors gain on morning trading session. HCL Tech and TCS traded near 52 week high position. Among sectoral index commodities, Energy, FMCG, Pharma and Realty sector down today.
For coming week Analyst expected that the market will move up and remain volatile due to upcoming Union Budget 2013-14. Investors will focus on changes such as excise duty and service tax. Railway stocks in will be in focus ahead of Rail Budget which will presented on Lok Sabha tomorrow. The new Guide Released by RBI likely to move market trend up.
Technical trend of Nifty is down side. According to analyst Market remain trade below 6000 level. there is strong support at 5830 level and upside resistance near 5870 mark.
Asian Share edged higher, Global market traded higher such as United states shares and European market traded near crucial resistance level.
Intraday future tips today
Sell HDFC future Feb Target 797/795/793 stop loss 804.00.
Sell Unitech future Feb Target 28.90/27.90/26.90 stop loss 31.00.
Sell RCOM future Feb Target 68/66/65 stop loss 75.00.