The Indian market opens for trade this morning on a negative but quiet note on the back of soft global cues. Earlier, the US markets ended lower while Asia is in the red at this hour. Sensex is trading at 15828, down 42 points from its previous close, and Nifty is at 4747, down 16 points. CNX Midcap index is down 0.7% and BSE Smallcap index is down 0.1%. The market breadth is negative with advances at 121 against declines of 438 on the NSE.
Sell Bharti Airtel at Rs 345-350 with targets of Rs 320 and 315 and stop loss of Rs 360. The stock is currently trading at Rs 341.95, down 0.1% on the BSE
Nifty Future CMP is 5773. Sell at 4825 with the target of 4750 and 4725 and stop loss is 4830.
HCLTECH CMP is 414.40. Buy at 415.50 with the target of 420 and 425 and stop loss is 411.
INDOIL CMP is 269.60. Buy at 271 with the target of 275 and 278 and stop loss is 268.5.
Jindal Steel CMP is 505.80. Sell at 503.50 with the target of 495 and 490 and stop loss is 509.5.
Escort CMP is 74.95. Sell at 74.50 with the target of 73.5 and 72.5 and stop loss is 75.75.