Nifty Trend Today
After a uptrend of last couple of days Indian stock Market has open with a selling pressure due to following fall in Asian markets and weakness in technology and auto stocks. The BSE Bench mark fell 43.62 points at 19453.56. And Nifty-50 open at 5878.80 losing 18 points.
Currently BSE is trading at 19427 after a loss of 70 points and Nifty is trading at 5871 losing 24 points. Currently Nifty is trading at a flat trend today. Open with a sell pressure and trading at consolidate to bear trend. We accumulate that if nifty cross the 5930 level in today’s trading then it will turn to a bullish trend else below 5820 level will remain in a strong bear trend.
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Nifty 50 Tips Today:
Sell Yes Bank below 502 level to get the target of 488 with a stop loss of 507
Sell SBI arround 2214 level for the target of 2180 and put Stop Loss at 2220
Buy Jet Airways above 595 with a stop loss at 590 and target at 605.
Buy SpiceJet at 40.95 level for the target of 41.50 eith a stop loss at 40.25