Tuesday, 15 December 2015

12 top stocks in focus today@ Live Market Update

Sensex opens flat, Nifty holds 7650; Sun Pharma gains 1%
The S&P BSE Sensex started on a cautious note with a negative bias on Tuesday following muted trend seen in other Asian markets and losses seen in index heavyweights such as ICICI Bank, Tata Motors, ITC, HDFC and TCS.
The Nifty50 managed to hold 7,650 level, supported by gains in oil & gas, metal, consumer durables, metal and capital goods stocks.
The NSE barometer was at 7,659 up 10 points or 0.12 per cent. It touched a high of 7,663.95 and a low of 7,645.00 in the first 30 minutes of trade. 
The S&P BSE Midcap Index was down 0.45 per cent and BSE S&P Smallcap Index was trading 0.33 per cent lower.

The Indian rupee bounced back morning after hitting lowest closing level since September 3, 2013 in previous session. The currency has opened at 67.03 a dollar against 67.09 per dollar on Monday.
Market Overview:  

Equity benchmarks bounced back on Monday after losing 
more than 2 percent in previous week. Nifty future down by 40points to close at 7668.
The 30-share BSE Sensex down 105 points at 25150. The market breadth was weak as about 988 shares advanced against 1661 declining shares on the BSE.
The country's wholesale inflation, which has been in negative territory for thirteen months now, eased a bit, with the wholesale price index coming in at -1.99 percent in November compared to -3.81 percent in October and versus a forecast of -2.59 percent.
Handset maker Micromax will invest Rs. 300 crore over the next few months as it sets up three new manufacturing units in India to ramp up domestic production and reduce dependence on imports from China.
Here the list of  top 12 stocks that are focus in today:
Sun Pharma
Mahindra and Mahindra and Tech Mahindra
Hotel Leelaventure
Tata Motors
Airtel, HDFC
Reliance Industries
Suzlon Energy
Reliance Communications
DCB Bank
Cairn India
Tata Steel
Today’s Stock Recommendation

Technical Overview: Stock recommendation for 15/12/2015 is Tataelexi ltd. In today’s trading session it was up by 6.25%. Its long term trend is up. It has made a small green candle indicating further buying in daily chart. Its short term support level is 2085. All the indicators are suggesting that one can go for long position in this stock above 2130 levels. The stock may test level of 2170-2220 in coming days.

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