Benchmark index still on two year high, Market closed on flat note. Nifty closed at 6082.30 with profit of 0.30%. Sensex closed at 2010.82 with profit of 0.31%. On Tuesday, SENSEX 45 points above at 20150 points up, and Nifty 16.47 or 0.27% up at 6098.75.
Reliance industry hit 52 week high after 24 per cent increase in third quarter result. Rating agency moody’s investor services said the credit outlook for banks in the Asia-pacific region in 2013 remains stable.
Moody’s also said bad loan on the books of India bank yet to peak. They rose to Rs 1.67 trillion in the quarter ended 30 September from 1.13 trillion a year ago. Rupee opened higher against Japanese share sliding back from last week’s multiyear peaks as a two day meeting at the bank of Japan got underway.
Stock Cash Future trading call:-
BUY Berger paints above 168 targets 169.5/174 Stop loss 165
BUY Dena bank above 121.25 targets 121.75/122.75 Stop loss 119.50
SELL Tata Motors below 321.40 targets 320.40/319.40/318.40 Stop loss 324.50