Markets on Friday
Markets on Friday saw impacts of downfall in Asian markets which saw Nifty go down 95 pts to close at 4352 and Sensex closed at 14483, down nearly 415 pts. This was aggravated by doubts in NSG deal with China changing its stance at last moment.
· FIIs net buy $331.5 mn in equity
· MFs net buy Rs 116 cr in equity
· Crude range bound, down 1.5% around $107.5/bbl
· NSE F&O Open Int up by Rs 1663 crore at Rs 71686 crore
Markets on Monday
Saturday, the nuclear deal was signed by all the 45 countries member of NSG and now the deal has moved to US Congress for clearance. This is a very positive signal for Indian Markets. Monday may see a windfall in all the sectors of Nifty and Sensex especially Power sector. Nifty is likely to close above 4450 level and sensex is likely to touch 15000 intraday. Markets may go up to 4600-4700 levels in near future.
Today’s Tips
Profit booking can be done in HPCL and BPCL at higher levels.
HPCL and Bharat Petroleum Corporation, BPCL chart. The rally of course is certainly linked to the crude prices; there is a scope for BPCL to move up by another Rs 25 odd, similarly HPCL has a possibility of going up to round about Rs 255-260 zone."
NTPC
CMP-170
The stock would have positive impact of nuclear deal and would touch 200 levels in near future.
· FIIs net buy $331.5 mn in equity
· MFs net buy Rs 116 cr in equity
· Crude range bound, down 1.5% around $107.5/bbl
· NSE F&O Open Int up by Rs 1663 crore at Rs 71686 crore
Markets on Monday
Saturday, the nuclear deal was signed by all the 45 countries member of NSG and now the deal has moved to US Congress for clearance. This is a very positive signal for Indian Markets. Monday may see a windfall in all the sectors of Nifty and Sensex especially Power sector. Nifty is likely to close above 4450 level and sensex is likely to touch 15000 intraday. Markets may go up to 4600-4700 levels in near future.
Today’s Tips
Profit booking can be done in HPCL and BPCL at higher levels.
HPCL and Bharat Petroleum Corporation, BPCL chart. The rally of course is certainly linked to the crude prices; there is a scope for BPCL to move up by another Rs 25 odd, similarly HPCL has a possibility of going up to round about Rs 255-260 zone."
NTPC
CMP-170
The stock would have positive impact of nuclear deal and would touch 200 levels in near future.
For futher queries and suggestions and other trading related work contact:
Head OfficeBuilding No.5,
BN Block Market,
Shalimar Bagh,
Delhi-110088
Phone No: 47031300, 47030001-47, 41530314-15
Email : nikunjhelpdesk@nikunjonline.com
Website: nikunjonline.com
Areva T&D India Limited
CMP- 1627.75
This company is already into Nuclear Plant and now when the deal has been signed, we can now expect huge windfall rise in its prices. Target in near future is Rs. 1850.
Tata Motors
CMP-420
With Singur crises resolved, we can expect the prices of the share would rise significantly.
Head OfficeBuilding No.5,
BN Block Market,
Shalimar Bagh,
Delhi-110088
Phone No: 47031300, 47030001-47, 41530314-15
Email : nikunjhelpdesk@nikunjonline.com
Website: nikunjonline.com
Areva T&D India Limited
CMP- 1627.75
This company is already into Nuclear Plant and now when the deal has been signed, we can now expect huge windfall rise in its prices. Target in near future is Rs. 1850.
Tata Motors
CMP-420
With Singur crises resolved, we can expect the prices of the share would rise significantly.
