The markets open with moderate declines with oil & gas and metal being the biggest losers in the first trade. The Sensex is trading at 16157, down 66 points from its previous close, and the Nifty is at 4899, down 22 points.
Indian shares are expected to trade in a range with a positive bias on Friday and pull back may continue in today's trade. The Nifty index is expected to head upward till 4980 with support around 4881 in the immediate run and resistance is placed at levels around 4956.
Trading Calls For Today:-
Bata India Ltd is a 'BUY' call with a target of Rs 910 and a stop loss of Rs 850
McLeod Russel India Ltd is a 'BUY' call with a target of Rs 310 and a stop loss of Rs 273
IDFC Ltd is a 'BUY' call with a target of Rs 136 and a stop loss of Rs 118
Indian Bank is a 'SELL' call with a target of Rs 165 and a stop loss of Rs 181
HOEC Ltd is a 'SELL' call with a target of Rs 94 and a stop loss of Rs 106
Indian shares are expected to trade in a range with a positive bias on Friday and pull back may continue in today's trade. The Nifty index is expected to head upward till 4980 with support around 4881 in the immediate run and resistance is placed at levels around 4956.
Trading Calls For Today:-
Bata India Ltd is a 'BUY' call with a target of Rs 910 and a stop loss of Rs 850
McLeod Russel India Ltd is a 'BUY' call with a target of Rs 310 and a stop loss of Rs 273
IDFC Ltd is a 'BUY' call with a target of Rs 136 and a stop loss of Rs 118
Indian Bank is a 'SELL' call with a target of Rs 165 and a stop loss of Rs 181
HOEC Ltd is a 'SELL' call with a target of Rs 94 and a stop loss of Rs 106
