Stock Market Open Flat Today
Equity benchmarks opened flat on Thursday, the expiry day for November series derivative contracts. The Sensex fell 13.62 points to 28372.57 and the Nifty declined 3.55 points to 8472.20.
About 491 shares have advanced, 215 shares declined, and 24 shares are unchanged on the Bombay Stock Exchange.
Tata Power, NTPC, Sun Pharma, Gail India, M&M, Asian Paints, BPCL and ACC gained 0.6-1 percent while ITC, ONGC, Tata Motors, Bharti Airtel, Dr Reddy's Labs and DLF lost 0.7-1.7 percent.
The Indian rupee opened marginally higher at 61.80 per dollar today compared to 61.84 a dollar on Wednesday.
Today Stock Recommendation:
Stock recommendation for 27/11/2014 is M&M ltd. In today’s trading session it was up by 1.28%. Its long term trend is up. On the daily chart, it has made double bottom formation; it may give upside breakout if it crosses 1280 level. RSI and MACD have also given buying confirmation. On daily its short term support level is 1225. All the indicators are suggesting that one can go for long position in this stock above 1280 level. The stock may test level of 1310-1350 in coming days.
Our recommendation on M&M ltd. is LONG above 1280 for the Target of 1300-1320.
Intraday Stock Trading Tips :
• BUY AMRUTANJAN (LCP-458.6) ABOVE 460 TG-464-470
• BUY JBF INDUS (LCP 192.5) ABOVE 193 TG-195-198
• BUY JK TYRE (LCP 597.55) ABOVE 599 TG-603-609
• BUY BBTC (LCP-412.55) ABOVE 414 TG-418-423
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