06 May-Selling under pressure, Sensex Nifty, Stock Market Trading Tips

stock market tipsOn Friday, Selling pressure continues on the market decline by capital goods, pharma & IT stocks. The Sensex is down 127.93 points or 0.51% at 25134.28 and The Nifty index dragged 37.10 points or 0.48% at 7698.40. Nifty Intraday touched a high of 7678.35 and touch a low of 7717.65. About 937 shares have advanced, 1070 shares declined and 117 shares unchanged.

Among Eichermot 2.59%, Gail 2.34%, Bank of baroda 1.88%, SBIN 1.50%, ACC 1.33%, Ambuja Cements 1.09%, Bharti Airtel 0.89%, Tata power 0.85%, Asian paints 0.81%, ICICI bank 0.42% were top gainers.

Adani ports 1.97%, Dr. Reddy’s 1.87%, Tech-mahindra 1.53%, Wipro 1.49%, Kotak bank 1.29%, Power Grid 1.29%, Ultratech cements 1.26%, Lupin 1.22%, Tata motors 1.09%, HCL Tech 1.08% were top losers in the nifty.

Crude oil prices dropped as traders await upcoming US jobs report that could provide clues on the health of the world’s biggest economy and the direction of interest rates.

Today Stock Calls-
SELL Sun Pharma below 804 targets 802/800/798 Stop loss 815
BUY Tata Motors above 389 targets 390/391/392 Stop loss 380
SELL Adani ports below 195 targets 194/193/192 Stop loss 200