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Indian shares closed flat after moving in a narrow range throughout the session on Monday. The rally of 400 points in previous two sessions indicated that the market already priced in the news of ECB’s new unlimited bond buying programme. Now investors awaited for major events locally one is inflation for August on Friday and another is industrial output for July, which will decide the move of RBI in its policy meet that scheduled for September 17.
INDIAN SHARE MARKET TREND 11 September
The Sensex ended a tepid session on a flat note on Monday as bulls ran out of steam after a sharp rally last week. According to analysts, the market will take cues from IIP, inflation data and the US Federal Reserve meet for direction in the near term.
SHORT TERM STOCK TIPS
1. SELL Tata Motors Ltd. Short Term
Target 240 Stop Loss 260
2. BUY Adani Power Ltd. Short Term
Target 55 Stop Loss 39
3. SELL Bharat Heavy Electricals Ltd. Short Term
Target 195
4. SELL HDFC Bank Ltd. Short Term
Target 578 Stop Loss 598
5. BUY Tata Chemicals Ltd. Short Term
Target 335 Stop Loss 318
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