The Equity market has opened on the green note on Thursday. Market extend gains in the morning trade with the Sensex rising more than 150 points after two days consolidation and despite the correction in Asian cues. At 11.15 AM, BSE Sensex is trading at 31405 up 159 points or 0.51 percent, while Nifty is trading at 9676 up 39 points or 0.40 percent.
Equity benchmarks have opened on flat in the morning trade on Wednesday, Investors trade in the cautious mode that’s reasons market trade on the sluggish note. Meantime, BSE Sensex was up 15.90 points or 0.05 percent at 31,224.35 and the 50-share NSE Nifty gained 13.60 points or 0.14 percent 9,626.90. The Market breadth as about 1073 shares advanced against 450 declining shares on the BSE.
BUY MIRZAINT ABOVE 134.50 TARGETS 136, 137.50, 139 STOP LOSS 133
BUY CHENNPETRO ABOVE 425 TARGETS 430, 435, 440 STOP LOSS 420
BUY CRUDE OIL MAY IN THE RANGE OF 3090-3100 TARGETS 3150/3200 STOP LOSS 3040
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Benchmark indices were in the red as investors may have booked profits from the previous rally and looked to remain cautious ahead of RBI’s policy meet outcome. Polls indicate that the central bank will hold key rates, but the focus would be on the RBI’s commentary and stance.
The Sensex slipped 105 points at 29869, while the Nifty felled 32 points at 9232. The market breadth was negative with 1,100 shares having advanced against a decline of 1,269 shares, while 130 shares were unchanged.
Sell Copper at below: 380.25 Targets: 385.57 – 378.74 – 380.94 – 383.85 Stop loss : 385.14
Sell Selan Exploration Technology Ltd at below: 196 Targets: 197.61 – 190.15 – 195.73 – 196.60 Stop loss : 199.51
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