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Share Trading India 03-Feb


"Share Trading"

The Indian market opens for trade on the last day of the week on a flat-to-negative note. Earlier, the US markets closed flat with a mixed bias with the Dow down 11 and Nasdaq up 11 odd points while Asia is soft at this hour. Sensex is trading at 17421, down 8 points from its previous close, and Nifty is at 5261, down 7 points. CNX Midcap index is up 0.2% and BSE Smallcap index is up 0.3%. The market breadth is positive with advances at 379 against declines of 311 on the NSE.

Buy Pantaloon Retail with a target of Rs 180 and stop loss of Rs 165. The stock is currently trading at Rs 175.21, up 2.6% on the BSE.

Buy Indiabulls Real Estate with a target of Rs 74and stop loss of Rs 61. The stock is currently trading at Rs 69.14, up 1.5% on the BSE.

Buy Ranbaxy with a target of Rs 484 and stop loss of Rs 444. The stock is currently trading at Rs 464.94, up 2% on the BSE.
Share Trading

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