SHARE MARKET TREND TODAY
Indian Share market is expected to remain choppy for the next few days. The US markets erased most of their gains to finish flat on euro zone concerns. Despite this all three major indices managed to end off their worst levels after an initial sharp drop following the report. Facebook stock declined further amid doubts over the company's valuation
NIFTY RANGE>>LEVELS TODAY
The Nifty fell over 100 points in intraday trade before closing near intermediate support levels due to ongoing weakness in the Indian rupee on Tuesday.Nifty may retest 4800 to about 4780 levels in the worst case scenario amid negative news flow and rupee depreciation which is really a worrying factor for markets
If the Nifty moves up to 4900 then create short positions with a target of 4800-4780
HOT STOCKS TO WATCH TODAY
GAIL, UCO Bank, BGR Energy, NIIT Technologies, Tata Power, GVK Power, Central Bank, Thomas Cook, Inventure Growth, Wockhardt, KGN Enterprises, Sesa Goa, IVRCL, SKS Microfinance, Century Textiles, Hexaware Technologies, Glenmark Pharma, Godrej CP, ABG Shipyard, Idea Cellular, Educomp Solutions
COMMODITY MARKET UPDATES
Crude prices decline with Brent below USD 108 per barrel as signs of a deal between the UN nuclear watchdog and Iran on Tehran’s nuclear program eased fears of oil supply disruptions.
From the precious metals space, gold prices slipped to USD 1560 per ounce following weakness in euro. Copper on the London Metal Exchange is trading with a slight decline. Copper 0.80 per cent fall in the domestic market on Tuesday closed at Rs 429.International market, gold - silver has declined strongly. Gold in the domestic market with strong light on Tuesday to Rs 29 086, while silver dropped half per cent to Rs 54 460.
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