Market Trend:
The share market of India opens for trade this morning on a positive note and now is continuing to trade with a positive bias and the broader markets are seeing good gains, too. Sensex is at 17780, up 122 points from its previous close, and Nifty is at 5392, up 29 points. CNX Midcap index is up 0.6% and BSE Smallcap index is up 0.9%. The market breadth is positive with advances at 892 against declines of 430 on the NSE.
Today, Nifty needs to trade above 5369 for sentiments to be positive.Support levels for Nifty is seen at 5348-5335 and resistance levels at 5382-5403, he adds.
Intraday Stock Tips:
BUY Bharat Forge Ltd.
Intraday Target 315
Stop Loss 250
BUY Jet Airways (India) Ltd.
Intraday Target 425
Stop Loss 350
BUY Jain Irrigation Systems Ltd.
Intraday Target 89
Stop Loss 65
BUY Mastek Ltd.
Intraday Target 178
Stop Loss 171
The Sensex fell 71.53 points to 39,122.96 and the Nifty declined 24.40 points to 11,699.70. The Nifty Midcap and Smallcap indices dropped 0.4 percent each.
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