Sensex Nifty trading Low Ahead RBI Policy | Intraday Stock Commodity Tips

Sensex Nifty opened flat today. Sensex with negative bias trading at 28123 with 59 points down and Nifty with 20 points down live at 8691. MCX Gold dropped 68 points to 31,108 and Silver dropped 172 points to 46115. Crude Oil slumps 31 points to 2860. Asian Market indices are showing average movements.

Coal India: Coal India has sold 29 percent more coal in 2016-2017 through e-auction. 

Buy at / above: 337.64 Targets: 342.07 - 346.71 - 351.38 - 356.08 Stoploss : 333.06

ONGC: The government will bear the entire cost of kerosene and LPG subsidies. The government would provide a subsidy of Rs 2100 crore to ONGC and Oil India in April-June. 

Buy ONGC above: 228.76 Targets: 232.44 - 236.27 - 240.12 - 244.01 Stoploss : 225 

RIC(Rural Electrification Corporation): On 11th August a board meeting will be scheduled for the announcement of bonus of RIC. 

Buy RIC above: 232.56 Targets: 236.27 - 240.12 - 244.01 - 247.93 Stoploss : 228.76

Tata Motors: On an annual basis in July, Tata Motors' global commercial vehicle sales of 30 363 units is unchanged. JLR's global wholesale sales on an annual basis in July, 43 932 units, while wholesale sales of Jaguar's 14 369 units. 

Buy Tata Motors above: 517.56 Targets: 523 - 528.73 - 534.49 - 540.29 Stoploss : 511.89 

Intraday Commodity Tips

Stock and Commodity Market Updates

Stock Market Updates - 

Supported by IMF's sure stance on India, the Stock Market made some savvy picks up today. The Market wound up 271.24 points or 0.9 percent at 28930.41 and the Nifty was up 76.05 points or 0.9 percent at 8776.00. 

The Government may build a did separate Ministry for the pharmaceuticals part, which would contain all divisions that arrangement with issues identified with the business. "For the benefit of end user, the user and considering the span of industry , there ought to be a separate Pharma Ministry. 

Top Gainers - Sesa Sterlite, NTPC, Hindalco, Sun Pharma and BHEL 

Top Losers - Dr Reddy's Labs, M&M, Coal India, Bajaj Auto and HUL. 

Commodity Reports and Updates - 

India's shoppers inflation most likely edged up in February for the third straight month, underscoring the danger of a bounce back in inflationary weights if fuel and nourishment costs get. 

Gold organized a gentle rebound on Thursday as ordinary interest streams in China and India for physical gold were looked at after late sharp dips. 

Gold future costs fell for the eighth sequential day on Wednesday as costs neared an one-year low in the midst of proceeding with reasons for alarm of an investment rate climb by the U.S. Central bank. 

MCX silver declined by 648 focuses in yesterday's session. Cost opened at 35846 and stayed in negative pattern to test low of 35557 levels. In today's session so far cost is around 218 points. 

Real Time Intraday Commodity Calls - 

1. BUY SILVER Above 35300.00 T1- 35600.00, T2- 35900.00, T3- 36500.00 with SL- 34700.00 

2. BUY GOLD Above 25700.00 T1- 25800.00, T2- 25900.00, T3- 26200.00 with SL- 25300.00 

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Stock Market Updates and Tips

The Market is opened steady on Tuesday morning ; not fluctuating much but seems flat. The Indian rupee opened at 61.89 per dollar. 

Sensex 29496.56 at 10:16 AM , High – 29502.62 , Low – 29364.87  

Nifty 8959.30 at 10:16 AM , High – 8966.10 , Low – 8925.55 

Top gainers – Sun pharma , HDFC , TCS , Reliance and Cipla

Top losers – Coal India down 5% while others are in slow progress M&M , Axis bank , Tata motors and ITC 

Stocks that are in News today – Sun pharma , Bajaj Auto , GMR Infra , Bharti Airtel , TVS motors , Hero Motocorp , Coal India and Hindalco. 

Stock Tips - 

1. HDFC : Buy – 1339.95 , Target - 1358 , stop loss - 1330 

2. Cipla : Buy – 716.95 , Target - 725 , stop loss – 712.5 

3. IOC : Sell – 350.70 , Target - 340 , stop loss – 353.5 

4. TVS Motor : Buy - 272 , Target - 288 , stop loss - 268 

5. ONGC : Sell – 320.05 , Target - 312 , stop loss – 325 

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