Stock Trading

Hotel Leela Intraday Buy Call

Stock market analyst Hitendra Vasudeo of stockmechanics.com has maintained Hotel Leela Intraday Buy Call‘buy’ rating on Hotel Leela Venture stock with an intraday target of 35.

According to Mr. Vasudeo, interested traders can purchase the stock above Rs 33 with a strict stop loss of Rs 32. If the stock market remains positive, the stock pricing becomes more attractive, and reach above Rs 36.
 

India's Sensex falls nearly 3 per cent

New Delhi - India's benchmark Sensex index fell 2.96 per cent in trading Thursday on heavy selling by funds and investors.

NSE To Start Live Trading In Currency Futures On Aug 29

The National Stock Exchange (NSE) of India has been allowed for trading in currency future by the Security and Exchange Board of India. It will be the first exchange in India to start currency trading. NSE future trading is expected to launch on Aug 29.

In currency future trading, some recognized stock exchanges are allowed to buy or sell one currency against another on a specified future data. The price for future trading is fixed by selling or purchase of data. Only the firm USD-INR is covered under currency futures trade in India by the approval of RBI.

The contract for future trading would be worth $1,000 with the validity period of a month. The entire deal would be traded in Indian rupees at the reference rate of RBI on the last trading day.  

Tata Motors Intraday Buy Call

Stock market analysts have maintained ‘buy’ rating on Tata Motors stock with an intraday target of Rs 435.

Sensex Gains 93.93 Pts; Realty, Banking Shine

The 30-share index BSE Sensex continued to trade in the positive terrain on the Sensex Gains 93.93 Pts; Realty, Banking Shine back of good buying action witnessed in pivotal stocks.

Realty, metal, power and banking stocks went up while FMCG and IT traded negatively.

BSE Midcap and Smallcap gained 0.95% & 0.82% respectively.

At 12:59 p.m, Sensex gained 93.93 points, or 0.65%, at 14,637.66, after touching a high of 14,703.57 and a low of 14,584.03.

Suzlon Intraday Buy Call

Stock market analysts have maintained ‘buy’ rating on Suzlon Energy Ltd stock Suzlon Intraday Buy Callwith an intraday target of Rs 242.

According to them, interested traders can purchase the stock above Rs 238 with a strict stop loss of Rs 232. If the stock market remains on positive track, the next target will be above Rs 244.

Shares of the company, on Tuesday (Aug 19), closed at Rs 238.05 on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 764940. Current EPS & P/E ratio stood at 8.45 and 28.17 respectively. The share price has seen a 52-week high of Rs 460 and a low of Rs 174.50 on BSE.

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