Nifty Slipped 12 points to open at 5,664.30 on Monday morning. The BSE index, SENSEX was down 40 points and opened at 18,635.71.
2. Exide Industries Ltd is a 'SELL' call with a target of Rs 142 and a stop loss of Rs 155
3. Ambuja Cements Ltd is a 'BUY' call with a target of Rs 224 and a stop loss of Rs 210
The stock market was trading low on the first day of the trading week. The stocks which were trading under pressure included- Hindalco, Tata Motors, BHEL, GAIL, HDFC Bank, ICICI Bank, PNB, State Bank of India and Sesa Goa.
The major retail unit, Pantaloon fell 1 percent following the last week's sharp fall.
Network Media was a gainer and rose up 8 percent on the other hand, TV18 Broadcast accelerated 2.5 percent.
United Spirit hopped up 2 percent-5 percent.
The media sector was trading up- Zee Entertainment and Zee Learn gained 1 per cent.
India cement and Heidelberg Cement also accelerated up 2 percent.
Buy and Sell advice for the Stock market Today:
1. Tata Motors Ltd is a 'SELL' call with a target of Rs 163 and a stop loss of Rs 175
2. Exide Industries Ltd is a 'SELL' call with a target of Rs 142 and a stop loss of Rs 155
3. Ambuja Cements Ltd is a 'BUY' call with a target of Rs 224 and a stop loss of Rs 210
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