The markets lost significantly during the week with FMCG being the only sector that managed to close positive. The Sensex was down 2% and Nifty lost 2.1% over the week. The BSE Power was down 5.2%, BSE Metal lost 4.6% while BSE Auto closed with 3.2% declines during the week. The BSE IT was down 2%, BSE Oil Gas lost 1.4% and BSE Realty tumbled 6.85% over the week. The BSE Capital Good lost 6.6%, BSE Consumer Durables was down 2.34% while BSE FMCG gained 0.74%. The top Nifty gainers during the week were HCL Tech, Ambuja Cements and HUL while the biggest losers included PNB, SAIL and JP Associates.
Intraday Stock Tips For Monday-
Tata Steel Ltd.
R1-404.37, R2-409.43, R3-422.23
S1-391.57, S2-383.83, S3-371.03
Pidilite Industries Ltd.
R1-167.73, R2-168.97, R3-171.07
S1-165.63, S2-164.77, S3-162.67
ICICI Bank Ltd.
R1-947.85, R2-967.45, R3-1007.60
S1-907.70, S2-887.15, S3-847.00
Trading Calls For Monday-
- Invest in GAIL and Oil India from oil & gas space
- Exit short position on Tata Steel at Rs 390 and keep stop loss for the position at Rs 408
- Buy Agro Tech Foods with a target of Rs 540-545