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SHARE MARKET TREND 18 September
Indian shares snapped a nine-day winning streak on Tuesday as traders opted for profit booking ahead of holiday. The 30-share BSE Sensex, which surged over 1200 points in previous nine sessions (due to FDI approvals, diesel price hike, Fed stimulus and favourable German's Constitutional ruling on ESM), fell 46.30 points to close at 18,496.01 that retreated from 14-month high.
Indian markets will be shut tomorrow on Ganesh Chaturthi i.e. on 19th September. We wish you a very Happy Ganesh Chaturthi, may Ganesh Ji bless you all :)
INDIAN SHARE MARKET TIPS FOR 20 September
The dollar-rupee in the near-term is unlikely to be back above 55 and there will be rupee buyers if we approach that level. The jitters of the second quarter are behind us. We have consolidated in the Q3 and the stage is set for global investors still planning to buy the currency.
1. BUY Tata Motors Ltd. Intraday
Target 297 Stop Loss 274
2. BUY Tata Steel Ltd. Intraday
Target 430 Stop Loss 404
3. BUY IRB Infrastructure Developers Ltd. Intraday
Target 165 Stop Loss 142
4. BUY Steel Authority of India (SAIL) Ltd. Intraday
Target 90 Stop Loss 88.
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