Stock Market Trend - The Stock Market closed flat on the last day of trading with sectors like realty, IT, oil & gas were the biggest losers. The Sensex was up 0.08% while the Nifty gained 0.05% during the week. The CNX Midcap index was down with 0.4%, BSE Smallcap lost 0.4% and the Bank Nifty closed with 0.5% loss over the week.
The BSE Auto was up by 1.4%, BSE Power lost 0.4% and BSE metal closed with 0.6% gain. The BSE IT was down with 0.9% while BSE Oil Gas lost 0.8% over the week. The top Nifty gainers during the week were Gail, ITC and Hindalco while the biggest losers were the Cairn Indian, DLF and ONGC.
Stock Tips
-Biocon Ltd. BUY call with Short term target of 300 with Stop Loss of 240.
-Educomp Solutions Ltd. BUY call with Short term target of 230 and Stop Loss of 190.
-Housing Development & Infrastructure Ltd. BUY call with Short term target of 130 and Stop Loss of 98.
Experts Advice - An extreme volatility is expected during the session on accout of Unio Budget presented on Friday 17. Only a move above 17915, 5463 will be an indication of continuation of previous bullish trend.
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