Ambareesh Baliga, Karvy Stock Broking: We see more upside from here and the Nifty can go up to 3,250 in the near-term. Domestic participation has increased and we may see more strength in midcap stocks. We expect a correction once the earnings season begins.
Technical Analyst, Vijay Bhambwani: The markets opened on a steady note and ended with minor change over the previous session as the bulls consolidated their holdover the markets. The benchmark indices displayed divergence as the banking index out performed the broader markets. The traded volumes were higher as compared to the previous session, which is an indicator of buying at lower levels. The market breadth was negative as the BSE & NSE combined advance decline ratio was 1766 : 1976. The capitalisation of the breadth was also negative as the BSE & NSE combined figures were Rs 8135 crs : Rs 8492 crs.
US markets ended mixed after a volatile secession.
CMP: Rs 192.70
Target price: NA
NIFTY FUTURE
ABOVE 3138 TARGET 3178-3274
BELOW 3102 TARGET 3094-3083-3049
MARKETCALLS – Intraday Stock Tips
Sell GTOFFSHORE below 265 SL 273 Target 258-248
Sell PETRONET below 41 SL 44 Target 39-38-36
Sell PFC below 137.50 SL 145 Target 135-132-130
Sell SESAGOA below 90 SL 94 Target 88-85-83
Buy SAIL above 96 SL 90 Target 102-105 (High Risk)
Buy JPASSOCIATE above 106 SL 93 Target 114-120 (HIGH RISK)
buy HEROHONDA above 792 SL 785 Target 798-806
Always remember, put SL in your every trade.
Strictly follow Above and Below price, then follow strictly SL