For the August month,Wholesale Price Index or WPI inflation data came higher at 6.10% compared to 5.79% for the previous month. This led to some profit booking in markets as hopes of rate cut in RBI monetary policy on September 20 vanished.
Buy HCL Tech around 1030-1040 for target of 1140 keeping stoploss at 995 in 6-8 trading sessions (spot levels).
Buy Maruti in the range of 1310-1320 for target of 1430-1440 in next 6-7 trading sessions.Stoploss 1290.(cash levels)
Technical call for Punjab National Bank was given in Nifty outlook for targets of 485-490.Target achieved today and profit booked at 490.
Target for Larsen & Toubro achieved.Profit booked at 805-810.Call initiated at 694.
In the past week,nifty staged significant upmove on hopes from newly appointed RBI Governor Raghuram Rajan to uplift the sinking Indian economy and imminent diesel price hike to levels of 5650 after testing lows around 5330 on Syria concerns. Nifty has almost achieved the target which was placed …