Friday 3 June 2016

Bulls Gearing Up for the Monsoon, Sensex Nifty Moving up

Stock Commodity Market
On the last trading session of this week, Rupee opened with the hike of 6 paise and opened at 67.23 against the Dollar. Sensex & Nifty made a shining opening in the morning session and gained some positive leads. According to experts, Indian Stock Market is gearing up for the upcoming monsoon in India. Sensex is currently trading at 26903.46 with the hike of 60.32 points and Nifty is trading at 8234.80 with the hike of 15.85 points. Whole Asian Market is trading in positive zone except the KOSPI.  Except Dhaniya the whole Ncdex Commodity Market is trading in positive zone, while Mcx Commodity Market have mix of hikes and losses but overall market is in positive side. In Commodity Market, Gold Live at 28836 with the loss of 27 points, Silver Live at 38535 with the hike of 7 points and Crude oil Live at 3309 with the loss of 5 points. 

BPCL has got approval from share holders to increase the stakes of Foreign Institutional Investment to 49%. After the announcement the company stock became more active and currently trading with the hike of 1.34%. Tech Mahindra has got the new 7.5 crore Dollar contract for the 5 years. Its a big news for Tech Mahindra Stocks as we can see with the hikes. Navkar Corporation has got the new contract from Kribhco to run the Container Freight Station in Hazira Terminal. Navkar Corporation is currently moving with the hike of 3.02%.  Expert Advice to-

Buy BPCL above: 1024 Targets: 1031.49 - 1039.54 - 1047.61 Stoploss : 1016.01
Buy Tech Mahindra above: 558.14 Targets: 563.78 - 569.73 - 575.71  Stoploss : 552.25
Buy Navkar Corporation above: 199.51 Targets: 202.96 - 206.53 - 210.14  Stoploss : 196


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