Jindal Steel & Power Ltd.

BUY – Intraday Target 630 Stop Loss 430

Sterlite Industries Ltd.

BUY – Intraday Target 130 Stop Loss 114

Hindustan Unilever Ltd.

BUY – Intraday Target 397 Stop Loss 389

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The Indian market opens for trade on the first day of a new F&O series on a positive note. Earlier, the US markets ended higher with the Dow up 46 and Nasdaq up 23 odd points while Asia is mixed at this hour. Sensex is trading at 18154, up 76 points from its previous close, and Nifty is at 5505, up 22 points.

CNX Midcap index is up 0.9% and BSE Smallcap index is up 0.6%. The market breadth is positive with advances at 470 against declines of 132 on the NSE.

Major gainers in the 30-share index were Bharti Airtel (1.91%), Sterlite Industries (India) (1.83%), D L F (1.75%), HindalcoIndustries (1.63%), Bharat Heavy Electricals (1.46%), andState Bank Of India (1.40%).

On the other hand, Housing Development Finance Corporation (3.11%), I C I C I Bank (0.93%), H D F C Bank (0.18%), and Reliance Industries (0.17%) were the major losers in the Sensex.

The Consumer Durables index was at 6,635.28, up by 111.05 points or by 1.70%. The major gainers were Gitanjali Gems (2.3%), Titan Industries (2.23%), T T K Prestige (0.7%), Rajesh Exports (0.62%) and Bajaj Electricals (0.5%).

The Realty index was at 1,999.72, up by 26.32 points or by 1.33%. The major gainers were Sunteck Realty (4.65%), Oberoi Realty (1.8%), D L F (1.75%), Housing Development and Infrastructure (1.33%) and Anant Raj Industries (0.94%).

The Metal index was at 12,063.39, up by 119.11 points or by 1.00%. The major gainers were Hindustan Zinc (4.52%), Hindalco Industries (1.63%), Jindal Steel & Power (0.75%), Bhushan Steel (0.32%) and Coal India (0.17%).

The Power index was at 2,334.15, up by 22.66 points or by 0.98%. The major gainers were Adani Power (1.91%), Bharat Heavy Electricals (1.46%), Crompton Greaves (1.32%), G M R Infrastructure (1.09%) and Reliance Infrastructure (0.51%).

Nifty Technical Levels For Today

S1 – 5451, R1 - 5527
S2 – 5420, R2 - 5572
S3 – 5375, R3 – 5603

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