Nirmal Bang

Market Outlook, Analysis by Nirmal Bang Securities

Market Outlook, Analysis by Nirmal Bang SecuritiesThe benchmark indices saw yet another unpredictable day, and ended on a pessimistic note for the third consecutive day.

The BSE Sensex marked its closure at 10,817, down 81 points, after touching an intraday peak of 11,036 and low of 10,715.

In contrast, the broad-based Nifty closed after losing 35 points at 3,330. It hit an intraday high of 3,401 and low of 3,296 respectively.

BSE Midcap and Smallcap Index dropped 40 points and 65 points respectively.

Stock Recommendations: BHEL, Moser Baer, Reliance Capital

Stock Recommendations: BHEL, Moser Baer, Reliance CapitalIndian Stock markets are feeling pressure for past three trading sessions. Nirmal Bang Securities has suggested two sell calls and one buy call for traders.

BHEL, The RSI has given a fresh sell signal, if the stock trade below its 13-day EMA of 1575, then sell with a stop-loss of 1630. Target price for BHEL is 1505-1440.

Moser Baer, Buy on dip and hold, huge volumes witnessed today, strong support 58-54. The stock has a major resistance at Rs 67. Buy with Target price of 69-78 in 1-5 trading sessions.

Stock Market Roundup and Analysis for Tomorrow: Nirmal Bang

Stock Market Roundup and Analysis for Tomorrow: Nirmal BangGlobal cues were good, but Indian Stocks markets turned negative after positive opening on Wednesday. Selling was seen in select capital goods, metals, pharma and banking stocks.

The BSE Sensex closed at 10,817 down 81 points after hitting an intraday high of 11,036 and low of 10,715. The Nifty shut at 3,330 down 1.04% or 35 points. It has hit a high of 3,401 and low of 3,296 respectively. Among the broader indices the BSE Midcap Index fell 40 points and the Smallcap Index slipped 65 points.

Indian Stock markets close negative for third session after strong opening

Indian Stock markets close negative for third session after strong openingIndian Stock markets closed negative for the third consecutive day after a positive opening. Selling was witnessed in select counters at higher levels. The BSE Sensex closed at 10,817 down 81 points after hitting an intraday high of 11,036 and low of 10,715. The Nifty shut at 3,330 down 1.04% or 35 points. It has hit a high of 3,401 and low of 3,296 respectively. Among the broader indices the BSE Midcap Index fell 40 points and the Smallcap Index slipped 65 points. Selling was seen in select capital goods, metals, pharma and banking stocks.

Energy Trading Update and Market Outlook: Nirmal Bang

petrolU. S. crude oil futures settled higher on Tuesday lifted by a bounce on Wall Street and amid volatility associated with the expiration of the May crude contract at the close. Crude rose after falling more than $2 earlier as uncertainty about a quick economic recovery and bank stability that pressured global equities pushed oil lower.

Natural Gas fell very sharply due to milder weather and expectation of built in inventory.

South Korea, the world's fifth-largest crude oil buyer, imported 61.82 million barrels of crude or 1.99 million barrels per day (bpd) in March, down from

Base Metals Trading Strategy and Commodity Market Update: Nirmal Bang

copperBase metals witnessed sharp gap down opening on MCX as fall in equities market on Monday triggered selling in non ferrous metals, later during the evening session speech by U. S. Treasury Secretary reduced anxiety amongst traders.

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