Market to remain volatile and is likely to follow global cues.
Today would be a crucial session for the market and it would be important to see how it behaves at its key support levels of 5200-5170,Bulls have a final chance and odds are likely to shift if 5164 is broken ,I will be holding long positions in the Nifty with a stop loss of 5164.
As we head towards the Union Budget, we could see rallies of 100-150 points but these would be sold into, In the short term, we are likely to see choppy sessions with support at 5165-5150
,
Nifty spot if manages to trade and sustain above 5260 then some recovery can follow in the market and if it breaks and trade below 5180 then some profit booking can follow in the market. Please note this is just opening view and should not be considered as the view for the whole day.
Important US data to be released today:
1. ADP Employment Report
2. Productivity and Costs
3. EIA Petroleum Status Report
4. Consumer Credit
What you Must NOT Do in Stock Market
- Don't panic
- Don't make huge investments
- Don't chase performance
- Don't ignore expenses
- Don't Speculate
What You Must Do in Indian Stock Market
- Get Rid of the Junk
- Diversify
- Belive in your Investment
- Stick To your Strategy
- For Explanation Click On More
For the day, the level of 5185 and 5150 may act as a major support while the level of 5325 and 5350 may act as a major hurdle
The markets closed flat after a choppy session in today's trade. Metal lost significantly on news that Indonesia may reduce the stake of foreign companies operating in the country's mining business. Retail and oil marketing counters lost, too, after the poor performance of the Congress in the recently concluded state elections. Other big losers included power and capital goods. Realty, IT and banking gained significantly. The Sensex closed at 17145, down 28 points from its previous close, and the Nifty shut shop at 5220, down 2 points. The CNX Midcap index closed with 0.03% gain while the BSE Smallcap index was down 0.6% in today's trade. The market breadth was negative with advances at 486 against declines of 964 on the NSE. The top Nifty gainers were JP Associates, Reliance Power, HCL Tech andHDFC Bank while the biggest losers included Sterlite Industries, Sesa Goa, NTPC and Power Grid.
SESAGOA Sell Below 197.50 TGT 191 SL 201 Cash Intraday
ICICI Bank
887.45
-44.20 (-4.74%)
VOLUME 4,923,294
BID PRICE (QTY.)
0.00 (0)
OFFER PRICE (QTY.)
887.45 (813)
TODAY’S LOW/HIGH 881.70 932.40
52 WK LOW/HIGH 641.00 1139.00
Positions on 23feb
Mahindra and MahindraNSE
696.65
-33.30 (-4.56%)
VOLUME 1,469,157
BID PRICE (QTY.)
0.00 (0)
OFFER PRICE (QTY.)
696.65 (1342)
TODAY’S LOW/HIGH 691.20 733.00
52 WK LOW/HIGH 585.00 877.30
Unitech
30.25
-2.20 (-6.78%)
VOLUME 26,090,894
BID PRICE (QTY.)
0.00 (0)
OFFER PRICE (QTY.)
30.25 (61065)
TODAY’S LOW/HIGH 30.00 32.50
52 WK LOW/HIGH 17.45 48.85
Sesa Goa
Feb 23, 15:58
227.25
-9.20 (-3.89%)
VOLUME 7,618,087
BID PRICE (QTY.)
227.25 (1052)
OFFER PRICE (QTY.)
0.00 (0)
TODAY’S LOW/HIGH 226.00 243.80
52 WK LOW/HIGH 148.30 330.80
Hindalco Industries
NSE
139.95
-8.10 (-5.47%)
VOLUME 7,451,762
BID PRICE (QTY.)
0.00 (0)
OFFER PRICE (QTY.)
139.95 (5966)
TODAY’S LOW/HIGH 138.60 148.35
52 WK LOW/HIGH 111.20 224.75
Kingfisher Airlines
25.15
-1.60 (-5.98%)
VOLUME 16,039,477
BID PRICE (QTY.)
0.00 (0)
OFFER PRICE (QTY.)
25.15 (2923)
TODAY’S LOW/HIGH 24.00 28.00
52 WK LOW/HIGH 17.70 49.00
Reliance CommunicationsLIVE
b 27, 17:00
87.85
0.00 (0.00%)
VOLUME 11,586,960
BID PRICE (QTY.)
0.00 (0)
OFFER PRICE (QTY.)
87.85 (49904)
TODAY’S LOW/HIGH 86.80 94.20
52 WK LOW/HIGH 60.80 113.85
Tata Motors
NSE
259.95
0.00 (0.00%)
VOLUME 13,321,207
BID PRICE (QTY.)
0.00 (0)
OFFER PRICE (QTY.)
259.95 (13819)
TODAY’S LOW/HIGH 255.35 267.90
52 WK LOW/HIGH 137.55 292.70
DLFNSE
214.90
0.00 (0.00%)
VOLUME 7,496,268
BID PRICE (QTY.)
0.00 (0)
OFFER PRICE (QTY.)
214.90 (18651)
TODAY’S LOW/HIGH 213.30 227.40
52 WK LOW/HIGH 172.80 274.70
What you Must NOT Do in Stock Market
- Don't panic
- Don't make huge investments
- Don't chase performance
- Don't ignore expenses
- Don't Speculate
What You Must Do in Indian Stock Market
- Get Rid of the Junk
- Diversify
- Belive in your Investment
- Stick To your Strategy
- For Explanation Click On More