Tuesday, September 29, 2020

STOCK MARKET OUTLOOK & TIPS FOR 30 SEP 2020


" BUY  TATASTEEL 390 CALL @ 9 TARGET 13"

Tuesday market closed marginally in the red tracking the muted trend in the global markets. Today Sensex failed to hold on 38000 while Nifty closed marginally in the red but above11200 levels. After a gap-up opening the nifty grew volatile, before ending the day flat. Buying was witnesses in the metal, IT and auto sectors In Ceat stock price jumped 6 % after the company plans to raise up to Rs 500 crore via non-convertible debentures.Hindustan zinc was alos in green & Jet Airways stock price jumped 5%. While bank FMCG, infra, pharma and energy indices ended in the red. Sectorally  Consumer Durable stocks rose 1.9%, followed by Metal stocks which was up 1.8% and Selling pressure was seen in stocks like Telecom which was down 2.1% followed by  Utilities that fell 1.5 % and the Public Sector was down 1.4%.we advised to refrain from creating long positions on dip whereas intraday traders can short below 11180 for a modest target of 11100 levels with intraday high as stop loss level.
TOP GAINERS-JSWSTEEL,HEROMOTCO,HINDALCO
TOP LOSERS-UPL,INDUSIND BANK,ONGC
FOR GETTING INTRADAY TIPS WHATSAPP ON 7772909587

No comments:

Post a Comment