Investors will keenly watch monthly inflation numbers tomorrow and data on second quarter September 2011 corporate advance tax payment due on Thursday, Sep.15, 2011, which may provide cues on Q2 September 2011 results. Till the outcome of RBI`s monetary policy Nifty is likely to trade with a downward bias in the range of 5075-4800.
Nifty-fifty`s advance to decline ratio was 27:23 shows a mixed bag trading activity. On the sectoral front, CNX PSU Bank was down (-0.86%), CNX IT was up (0.78%).
Mahindra & Mahindra Financial Services (MMFSL)
Shares of the company declined Rs 2.5, or 0.39%, to settle at Rs 638.00. The total volume of shares traded was 2,329 at the BSE (Tuesday).
Gujarat State Fertilizers Company (GSFC)
Buy in the range between Rs 420-416 for target of Rs 432-440 and stop loss of Rs 410.
Opto Circuits (India)
Sell in the range between Rs 246-249 for target of Rs 243-240 and stop loss of Rs 252.
Buy on Punjab National Bank (PNB) with a price target of Rs 1,191.
Hold on Bank of India with a price target of Rs 304.
Hold on Union Bank of India with a price target of Rs 274.
Buy on Bank of Baroda with a price target of Rs 986.
Nifty-fifty`s advance to decline ratio was 27:23 shows a mixed bag trading activity. On the sectoral front, CNX PSU Bank was down (-0.86%), CNX IT was up (0.78%).
Mahindra & Mahindra Financial Services (MMFSL)
Shares of the company declined Rs 2.5, or 0.39%, to settle at Rs 638.00. The total volume of shares traded was 2,329 at the BSE (Tuesday).
Gujarat State Fertilizers Company (GSFC)
Buy in the range between Rs 420-416 for target of Rs 432-440 and stop loss of Rs 410.
Opto Circuits (India)
Sell in the range between Rs 246-249 for target of Rs 243-240 and stop loss of Rs 252.
Buy on Punjab National Bank (PNB) with a price target of Rs 1,191.
Hold on Bank of India with a price target of Rs 304.
Hold on Union Bank of India with a price target of Rs 274.
Buy on Bank of Baroda with a price target of Rs 986.
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