BENCHMARK INDICES GAINED ON FRIDAY, AS THE MODI GOVERNMENT IS EXPECTED TO WIN THE NO-CONFIDENCE VOTE, TO BE HELD AT 6 PM TODAY. THE S&P BSE SENSEX ENDED THE DAY AT 36,496, UP 145 POINTS WHILE THE BROADER NIFTY50 INDEX SETTLED AT 11,010, UP 53 POINTS. IT AND PHARMA STOCKS GAINED AS THE RUPEE HIT AN ALL-TIME LOW. AMONG INDIVIDUAL STOCKS, BAJAJ FINSERV HIT A RECORD HIGH, AFTER THE BAJAJ GROUP-OWNED ASSET & WEALTH MANAGEMENT FIRM POSTED A 41 PER CENT SURGE IN ITS FIRST-QUARTER PROFIT ON THURSDAY. » Read more
BUY R INFRA FUT AT CMP 387 TARGET 393-400 WITH SL 380 TOTAL 5 LOTS
FOR MORE FREE TIPS, CALL US @7879881122.
OR SUBSCRIBE US HERE
A recovery in midcaps along with a surge in IT space has boosted the market on Friday morning. It had begun on a flat note. The Sensex is currently higher by over 100 points, while the Nifty was seen inching towards 11,000. The rupee touched a new low of 69.12 to the dollar, which has boosted IT stocks. The Nifty IT index is up over 1 percent at this point. Along with it, midcaps have recovered from the low points of the day. The Nifty Midcap index is up around one-tenth of a percent. Metals are trading weak, led by losses in Vedanta. The stock is down 2 percent. Shares of Reliance Industries has hit a fresh record high. The scrip has gained 46 percent in the past on year. The Sensex is up 132.56 points or 0.36% at 36483.79, while the Nifty is up 32.60 points or 0.30% at 10989.70. The market breadth is negative as 731 shares advanced, against a decline of 762 shares, while 100 shares are unchanged.
EQUITY TRADING TIPS FOR TODAY : 20th JULY (FRIDAY)
BUY ??????? ABOVE 888 TARGET 898 WITH SL 878
SELL ??????? FUT BELOW 2610 TARGET 2595 WITH SL 2625 TOTAL 7 LOTS