BUY BANK OF INDIA FUT ABOVE 101.80 TARGET 103 WITH SL 101.60 TOTAL 8 LOTS
Shares have started on a good note, with the Sensex rising over 100 point, while the Nifty is well above 10,850-mark. All sectoral indices are trading in the green, with sharp gains seen in pharmaceuticals, IT and PSU banking space. The midcap index is trading higher by almost half a percent. The Sensex is up 144.22 points or 0.40% at 35836.74, while the Nifty is up 31.10 points or 0.29% at 10874.00. The market breadth is positive as 314 shares advanced, against a decline of 144 shares, while 46 shares were unchanged. Shares of Sun Pharma and TCS are the top gainers, while Airtel, Kotak Mahindra, and Zee Entertainment are the top losers. » Read more
BUY CAPF FUT ABOVE 574.50 TARGET 581 WITH SL 569 TOTAL 8 LOTS 
Equity benchmarks are off the day’s low points, with the Nifty hovering near 10,750, while the Sensex is down around 50 points. The Sensex is down 53.47 points or 0.15% at 35409.61, while the Nifty is down 19.30 points or 0.18% at 10749.10. The market breadth is narrow as 973 shares have advanced, against a decline of 877 shares, while 96 shares are unchanged. Sun Pharma and Dr Reddy’s Labs are the top gainers, while Power Grid, ICICI Bank, and BPCL are the top losers. Shares of Tata Motors gained over a percent in the morning trade as investors bet on the firms’ fundraising plans. The stock has touched an intraday high of Rs 310.00 and an intraday low of Rs 302.60.
BUY IRB FUT ABOVE 241 TARGET 244 WITH SL 238 TOTAL 8 LOTS
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Intraday Trading Call for Today : 7th June (Thursday)
BUY TATA MOTORS DVR AT CMP 174.50 TARGET 177.50-181 WITH SL 170.50 TOTAL 5 LOTS
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Bulls were back with vengeance on Thursday, the expiry day of May futures & options contracts as the late rally helped benchmark indices gained more than 1 percent. The gains were driven by banking & financials, oil & gas stocks and Infosys. Short covering towards the end of session and the gains in global stocks on easing of political concerns in Italy also lifted market sentiment. Investors awaited March quarter GDP growth numbers due later in the day. The 30-share BSE Sensex rose 416.27 points or 1.19 percent to 35,322.38 and the 50-share NSE Nifty gained 121.80 points or 1.15 percent at 10,736.20. In the May series, the Sensex gained 1.7 percent and the Nifty rallied 1.1 percent while Bank index surged more than 7.5 percent. » Read more
The market extended previous day’s losses with the Sensex falling more than 150 points following correction in global peers on political turmoil in Italy. The Nifty50 has broken 10,600 levels while all sectoral indices are in the red barring IT. Banking & financials pulled the market lower as Nifty Bank and Financial Services indices lost nearly a percent. Oil retailers IOC, HPCL and BPCL fell up to 3 percent after cut in fuel prices. M&M, Coal India and Power Grid gained 2 percent each following March quarter earnings. The 30-share BSE Sensex declined 171.66 points to 34,777.58 and the 50-share NSE Nifty slipped 62.10 points to 10,571.20. shares have advanced, 895 shares declined, and 86 shares are unchanged. » Read more
Benchmark indices opened mildly lower on Tuesday morning due to profit booking after three-day run up. The 30-share BSE Sensex fell 56.44 points to 35,109.04 and the 50-share NSE Nifty declined 21.90 points to 10,666.80. L&T, Tech Mahindra, TCS, Infosys, HCL Technologies, M&M, Bajaj Finance and Coal India are gainers. Bank of India and Aurobindo Pharma plunged 5 percent each. Vedanta, Sun Pharma, Lupin and SBI are under pressure. Nifty Bank lost 130 points and Nifty Midcap shed 65 points. Manpasand Beverages slipped 20 percent for second consecutive session. Venus Remedies, DB Realty, Kwality, Gravita, Mercator and Fortis Healthcare fell up to 7 percent. Oil India, NMDC, Bajaj Hindusthan, Dhampur Sugar, Dwarikesh Sugar, Reliance Communications and Edelweiss Financial gained 2-5 percent.
BUY MCDOWELL FUT ABOVE 3340 TARGET 3380 WITH SL 3300 TOTAL 7 LOTS
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