Share Market Tips for Monday : 4th June

SHARE MARKET TIPSBenchmark indices closed in the red after volatility on first day of June series Friday as all sectoral indices were in the red barring Auto that outperformed all post May sales data. Continuous correction in midcaps dampened investors sentiment, which led to profit booking after more than 400 points rally on the Sensex in previous session. Investors after digesting better-than-expected Q4 GDP data shifted focus to renewed global trade tensions after the US announced tariffs on steel and aluminium imports. They also closely monitor the movement in crude oil prices and rupee.The 30-share BSE Sensex fell 95.12 points to 35,227.26 while the 50-share NSE Nifty closed below 10,700 levels, slipping 40 points to 10,696.20 ahead of monetary policy committee meeting next week. Overall the market has been consolidating in a range, which may continue further and the stock specific action is likely to remain.

Share Market Tips for Monday : 4th June

Buy Canara Bank Future Above 256 Target 259-264 With StopLoss 252
Buy BPCL above 412 target 416-421 with StopLoss 407

 

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