Sensex sinks over 150 pts; Nifty below 9400, Today’s trading strategy

equity tips todayStock Market has opened lower due to the weak global signals on the second day of trading session on Tuesday. In early morning trading session, Nifty reached below 9400 and Sensex was down below 30500. Meantime, Sensex trading at 30401, lower by 169 points or 0.55 percent, whereas Nifty is down 46 points or 0.50 percent at 9331.

The worst decline was seen in pharma and PSU bank stocks during the morning trading session. Pharma index decline near 3 percent, whereas Sun Pharma 7 percent down and Aurobindo Pharma 5 percent down, Cipla down 2 percent. PSU Banks index 1.6 percent decline, whereas  Bank of India 5 percent, OBC 3.5 percent, Allahabad Bank, Syndicate Bank, and PNB Bank declined 2-2 percent. The other sectorial index, Realty index down 1.8 percent, Metal and FMCG index down near 1-1 percent.

Experts View
SIAN PAINTS INDIA LTD SELL Below 1092 Target – 1076 Stop Loss  – 1099
SELL AXIS FUT BELOW 495.15 SL ABOVE 500.90 TGT 491.10, 487.90. INTRADAY TGT 493.60-493.40.

Get Two Days Free Trial click here

Leave a Reply

Your email address will not be published. Required fields are marked *