Market today

Yesterday Indian stock market will regain after a fall of
almost 250 point and recover at closing hour showing
 strength .

Today Indian market likely to open downside as us
premarket slumps almost 250point and effect on Asia with us market down almost
1-2% now sgx nifty trading around 4970 down 40 point
 from yesterday close ,

I advised investor to not buy today until market not
settled down .

please visit again at 10 am to see latest market
update and trading tips.

Market overview

On Friday market at weekend note open with a negative bias and selling come across the board nifty break down its  latest low and also break 4800 but sharply correct and with some sectoral buying pull beck for nifty and nifty touch a high of 4893 that time it seem market will move more upside but market go down and nifty settled at 4850 at the end of session.

Hero motto corp is the performer of the week,during this week nifty down almost 4.5% stock of hero motto rise more then 5%.chambal fertiliser also gain 2.5% on Friday.

stock of week like infosys just melt down due to crisis in USA and Europe ,investor worry about its operation in these country put selling pressure on infosys and its touch a 52 week low of 2172 and close around 2225.News of stake sale of government enterprises Hindustan copper ltd. by 10% stock move up by 4% and close at 224.

Next week expectation of volatility in market due to expiry and nifty movement in this month make a high up down movement ,Nifty can break its 52 week low in this session so long term investor can buy some quantity of  good stock like itc,cairn and nilkamal plastics.

Market today

It seems flat start on nifty at opening but market will be in downtrend

direction nifty can go down around 4920 today so one can short nifty

around 5045 with sl of 5065 for a tgt of 4950-4920 intraday .

short adani enterprises around 565 with stop loss of 574 for price

 target of 537.