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Friday, August 30, 2013

Indian Share Market Outlook & Intraday Trading Tips Today 2 Sep 13

Indian markets jumped over 0.6% in the opening session on Monday on fresh buying by funds and retail investors owing to positive global cues.

BSE Sensex is trading at 18,760.36 up 140.64 points while Nifty is trading at 5,506.80 up 35.00 points.

The rupee's recovery and bargain hunting in some heavyweight stocks lifted the key indices up sharply on Friday. Movements were extremely volatile for much of the session, with investors gearing up for the first quarter GDP data. The Sensex ended at 18,631.03 (provisional) with a gain of 229.99 points or 1.25% and Nifty closed at 5479.20, up 70.15 points or 1.3%.

Bank, pharma, FMCG, IT and consumer durables stocks ended mostly higher.

Sensex Gainers 30 Aug 13:-

Bajaj Auto, Cipla, TCS, Asian Paints, Ambuja Cem.

Sensex Losers 30 Aug 13:-

Jindal Steel, Ranbaxy Labs., Tata Motors, I D F C

Nifty Gainers 30 Aug 13:-
Bajaj Auto, Cipla, TCS, Asian Paints

Nifty Losers 30 Aug 13:-
Jindal Steel, Ranbaxy Labs., Tata Motors, I D F C

Stock Intraday Tips For Today 2 Sep 13

SELL Bharat Forge Ltd. Intraday Target 228 Stop Loss 243
BUY Orissa Minerals Development Company Ltd. Intraday Target 1890 Stop Loss 1740
BUY Cairn India Ltd. Intraday Target 336 Stop Loss 313
BUY HUL Ltd target of Rs 652 and a stop loss of Rs 620
SELL Jindal Steel & Power Ltd target of Rs 210 and a stop loss of Rs 226

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