Sensex rangbound, Bank and Oil & gas up, 16 April nifty future tips

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The market opened positive trend on Wednesday, the BSE Sensex range bound trade after two days profit booking. The Sensex is up 16.89 points or 0.08% at 22501.82 and the nifty is up 10.90 points or 0.16% at 6744.00.

Led by gains in BSE Sectors metals, Oil & gas, and Bank sectors and positive cues from global market were also supportive.

Among Hindalco Inds 2.16%, SBI 1.50%, Maruti Suzuki 1.49%, Tata steel 1.44%, ICICI bank 1.39%, Bharti Airtel 1.26%, Tata motors 1.24%, ITC 1.23%, Sesa Goa 1.21%, Axis bank 1.19% were top Sensex gainers today.

Among Infosys 2.47%, TCS 1.80%, Dr. Reddy’s Labs 0.87%, HDFC 0.83%, Wipro 0.81%, Cipla 0.80%, L&T 0.74%, NTPC 0.52%, BHEL 0.50%, Coal India 0.17% were top Sensex losers today.

Wednesday 16 April stock nifty trading call
SELL Tata motors with targets 415/412 and Stop loss 424
SELL ICICI bank with targets 1230/1220 and Stop loss 1250