After a bad day of slaughter on Greek worries, the market
finally managed to pick up some strength towards end. The Sensex was down
166.69 points or 0.6 percent at 27645.15, and the Nifty slipped 54.40 points or
0.6 percent at 8326.70. About 896 shares advanced, 1791 shares declined, and
154 shares were unchanged. Key benchmark indices trimmed losses after a strong
intraday rebound in mid-afternoon trade. The intraday recovery on the domestic
bourses materialized as European stocks traded off the day's low after a sharp
initial slide. US index future also trimmed initial losses.
The barometer index, the S&P BSE Sensex, was currently
off 245.16 points or 0.88% at 27,566.68. The broad market depicted weaknessThe
50-unit CNX Nifty was down 80.65 points or 0.96% at 8,300.45. The index hit a
high of 8,305.30 in intraday trade. The index hit a low of 8,195.65 in intraday
trade so far, which is exactly the same as intraday low of the Nifty on 19 June
2015.
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Sell Nifty Future around 8440-8470 for the targets of 8340 and 8240 with stop loss of 8550 as today's Stock tips.
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