23 May Live Market Update- Equity Money Maker, ITC up 3.72%

Money Maker ResearchLive Monday- 11:00 Am,
The Equity benchmark opened Green trade in morning session on Monday. The Sensex is up 41.31 points or 0.16% at 25343.21. The Nifty index is gain 20.25 points or 0.26% at 7769.95.

The BSE Mid-Cap index is trading up 0.44% at 11,072 and BSE Small-cap index is trading gain 0.35 per cent at 11,002.
Among ITC 3.72%, Tata power 2.31%, Infratel 2.05%, ACC 1.90%, Power Grid 1.80%, Adani ports 1.69%, Hindalco 1.32%, ZEEL 1.32%, BoschLtd 1.19% were top Gainers.
Sun pharma 1.26%. ONGC 1.22%, Infosys 1.01%, Cipla 0.92%, HDFC 0.68%, Indusindbk 0.53%, Tata steel 0.51%, SBIN 0.47%, Bank of baroda 0.44%, TCS 0.41% were top Losers today.

Weekly Stock Recommendation-
BUY Lupin Future below 1500 targets 1490/1480/1470 Stop loss 1515
BUY ITC Future above 338.6 targets 342.35/346.1/349.85 Stop loss 331.1
SELL Jetairways Future below 606 targets 600.5/595/589.5 Stop loss 617

Weekly Market Update-
Indian equity markets dropped in the week ended 20 May 2016 on fears that the US central bank may resume raising interest rates in the United States as early as next month. Concerns about future foreign equity inflows triggered by tougher norms from the Securities and Exchange Board of India (Sebi) on offshore derivative instruments (ODIs) or participatory notes (P-notes) also dragged market lower. Key indices fell in three out of five sessions of the week. The Nifty shed 65.20 points or 0.83% to settle at 7,749.70

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