The Indian market opens for trade this morning on a subdued note despite steady global cues. Earlier, the US markets ended flat with the Dow up 60 and Nasdaq up 17 odd points while Asia is mixed at this hour. Sensex is trading at 16451, down 14 points from its previous close, and Nifty is at 4956, down 11 points. CNX Midcap index is up 0.3% and BSE Smallcap index is up 0.1%. The market breadth is positive with advances at 368 against declines of 163 on the NSE.
Buy DLF above Rs 202 with a one-week target of Rs 220 and stop loss of Rs 196. The stock is currently trading at Rs 201.55, up 1.8% on the BSE.
Buy RIL with a short-term target of Rs 800. The stock is currently trading at Rs 771, up 4.1% on the BSE.
Sell SBI between Rs 1850-1860 with a target of Rs 1775 and stop loss above Rs 1890 on closing basis. The stock is currently trading at Rs 1839.20, down 0.2% on the BSE.
Buy Jain Irrigation with a target of Rs 110 and stop loss of Rs 97.50. The stock is currently trading at Rs 102.30, up 1.6% on the BSE.