Stock Market Struggling to Bullish, Stocks Recommendations

Market showed a positive behavior by opening in green today. However it was unable to hold its early gains. Sensex dropped 19 points to 26377 while Nifty slided down 8 points to 8102. Rupee declined 6 paise and opened at 67.19 a Dollar. Almost all the sectors are trading positive. Asian Market is trading negative, except the Taiwan Index trading on 8563 with 27 points up.

Shares in Effect Today

- There can be concessions for mobile device makers. Government has decided to encourage the Make in India.
Buy ITI above: 30.25 Targets: 31.62 - 33.04 - 34.49 - 35.98 Stoploss : 28.89

- Chemicals & Fertilizers Ministry has started giving subsidy to Deepak Fertilizers. All the arrears would be given to the company.
Buy Deepak Fertilizers above: 165.76 Targets: 168.91 - 172.17 - 175.47 - 178.8 Stoploss : 162.56

- There is a conference of State Finance Ministry on the GST bill. If there is some positive news, companies can benefit.
Buy Gati above: 175.56 Targets: 178.8 - 182.15 - 185.54 - 188.96 Stoploss : 172.26

Stock Market Trading Higher, Profitable Stocks Recommendations

On the last trading session of this week, Market opened in flat today again. However market is trading in green currently. Sensex live at 26910 with 147 points up and Nifty live at 8249 with 45 points hike. Indian currency fell in its early trade, it opened at 66.80 against dollar weak by 9 paise. Asian Market is trading negative too except the Taiwan index is trading positive. Gold prices dropped Rs 109 to Rs 29,828 while Silver live at Rs 40,848 per kg. 

Stocks Recommendation By Experts

Tata Communications has installed 8000 White Label ATM's in 20 states. 

Buy Tata Communications at / above: 456.89 Targets: 462.01 - 467.4 - 472.82 Stoploss : 451.56 

Reliance Communications has been the worst performer in call drop test held in Hyderabaad. 

Buy Reliance Communications Ltd. at / above: 50.76 Targets: 52.53 - 54.36 - 56.22 Stoploss : 49 

Minda Industries will replace Starlite Tech from 15 June in BSE 500 Index.

Buy at / above: 1190.25 Targets: 1198.29 - 1206.95 - 1215.65 Stoploss : 1181.64

Stock and Commodity Latest Updates

On the first day of fresh new week market opened with a green signal. Sensex with many ups and downs is roaming around 25280 points and Nifty is revolving around 7777 points. Sectors like Capital goods, HealthCare, IT, Oil and Gas and Teck are trading negative. In Asian market, Taiwan Index is trading at higher pace with a jump of 213 points to 8344 points. Except Nikkei, all other indexes of Asian market are trading positive.

Prices of crude oil dropped today. This effect is seen due to strengthening of Dollar and increasing supply of Crude oil. Last week Gold prices dropped down while today Gold Prices increased their pace but are at a down level compared to last 3 weeks. In international market gold prices increased by 0.1% to 1,252.92 Dollar per barrel while in MCX it is trading on 29,644 Rupees. While Silver is down on Monday too with 0.92% to 39,466. Prices of Natural Gas increased by 3.17% to Rupees 143. Today Rupee open strengthened with 15 paise against Dollar at 67.30 while on Friday it closed on 67.45 against Dollar. Currently it is trading on 67.35 against dollar.