With investors mostly staying on the sidelines, the market continues to move in a tight band amid lackluster trades this afternoon. While select stocks from oil, metal and realty sectors are trading higher, FMCG, bank and automobile stocks are trading weak. Information technology, capital goods, power adn healthcare stocks are mostly flat. The Sensex is down 64.21 points or 0.31% at 20,833.80. At 6195.20, the Nifty is now down 22.65 points or 0.36% from its previous close.
Live Stock Tips For Intraday Trading
- Buy M&M Financial for short to medium term. A sharp upmove is likely if the stock rises to Rs 316 and displays some strength around that level.
- Hold KPIT Technologies with a stop loss near Rs 140 if looking at short term. One can consider fresh buying at declines.
- Buy Oriental Bank of Commerce for the target prices of Rs 195.50/197.50/Higher with a stop loss of Rs 189.25.
- Buy Bharti Airtel for medium term gains. Take modest exposure at current levels and add more in small quantities at declines.
- Buy KEC International (Rs 47) for medium term to long term. For short term, keep a stop loss at Rs 40-42 levels.
Commodity Face:
Copper fluctuated between gains and losses, trading near a one-week low as signs the U.S. economy is strengthening stoked concern that the Federal Reserve may soon start tapering its stimulus. Metal for delivery in three months on the London Metal Exchange was little changed at $6,975.75 a metric ton. U.S. manufacturing unexpectedly accelerated in November at the fastest pace in more than two years and a survey tomorrow may show employers in the U.S. boosted jobs last month by the most since June. All base metals are trading on a negative note today. Important data to be released today: IBD/TIPP Economic Optimism and Total Vehicle Sales.
Source: Moneycontrol.com
