Friday, 7 June 2013

07 June 2013 Indian Stock market today again bearish || share market tutorial

Today 07 June 2013 Indian stock market today open at bearish condition. Because pressure on US market that’s why domestic market on pressure. NSE 50 Index opens at 5,897 with -24 pts. dull and BSE 30 Index also dull and opens at 19,444 with -75 Pts.  However the clear and strong signal by European stock market.  If we take a advice of expert so nifty fall and nifty will be break and goes to 5850-5800 for short term.


At 10:31 AM share market review Sensex travel on the 19510.82 with -8.67pts. & Nifty travel on 5912 with -7.90 pts. other Giants stock in Capital goods, Bank, Metal, PSU and FMCG stock are fallen down but Consumer durables and IT stocks have done little support to the domestic market. In stock market pharma zone Lupin and Dr. reddy by good perform and listed in gainer list of NSE list & IT stock by good perform. Other side Maruti  Suzuki India, ultra tech cement, jai prakash association, Ambuja Cement ltd. By poor perform that’s why it is  listed on loser list in NSE.


BUY TCS Intraday Target 1495/1497/1499   Stop Loss 1489   Last Traded at 1493
BUY Lupin Intraday Target 767/769/771   Stop Loss 760   Last Traded at 765

SELL Maruti Suzuki India Intraday Target 1550/1545/1540  Stop Loss 1560   Last Traded at 1555.85


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Early arrival of monsoon has raised concerns of depression in cement prices as construction activities will be affected. Amid such speculation Heidelberg Cement told CNBC-TV18 today that the company had raised cement prices by Rs 2-5 per 50kg bg in some markets. CEO & MD of Heidelberg Cement said the company has not reduced prices in any of the markets.

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