Friday, August 10, 2012

Stock market Outlook Today - Friday, 10 Aug

Today's trading session began with a 0.25% fall, the markets opened negative. All sectoral indices are trading negative including IT, FMCG.. Today, The Sensex is trading at 17518, down by 43 points from yesterdays close, and the Nifty is at 5314, down by 9 points. The CNX Midcap index is also down by 0.1% and the BSE smallcap index index is up by 0.2%. The market breadth is negative with advances at 10 against declines of 46 on the NSE.
Experts recommend to go for a SELL call for Pantaloon Retail India Ltd with a target of Rs 142 and a stop loss of Rs 160.

Due to a weaker market, Tata Motors is expected to continue to fall with a loss of 2.5%. GMR infrashares have crashed 2 % due to poor results.

For day trading, we recommend:
BUY Hindustan Unilever Ltd with a target of Rs 505 and a stop loss of Rs 480
BUY ITC Ltd with a target of Rs 275 and a stop loss of Rs 262

Want Share news Today, Daily Stock Updates and Nifty Alerts???

 Register FREE Today !!!