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Indian share market will open positive and look for the direction towards western markets in the later half. US markets ended flat to positive. Europe ended positive too. Asia has opened a higher note. NIFTY may find a ‘stiff-hurdle’ in the range 5380 and later around 5400. On the whole, markets are likely to stage a smart move in the later half of the day.
IIP DATA TODAY
Q1 results are above expectation so far. IIP data will be released today (1%) Strong buying seen in Equity class
Much feared German rating maintained. SGX nifty is up above 5350. PC effect on market will force short covering. Dow future and London future is up 12 & 18.
INTRADAY CALLS FOR TODAY 9 Aug
1. M&M Tips for 9 August :- BUY M&M 760 CALL AT 13 WITH SL 8 FOR TGT 21-25 LOT 500
2. Buy Jubilant FoodWorks with a target of 1260.
3. Buy HCL Technologies with a target of 565.
4. BTST Nifty-Futures: around 5350, stoploss 5320, target 5400-5500
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