20 January 2015

Intraday Tips for Day Trading; Nifty inches towards 8600

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Today in intraday the S&P BSE Sensex rallied as much as 116 points in trade on Tuesday, led by gains in metals, technology and banks on the back of positive cues from Asian peers. According to analysts, the near-term trend is positive for the day trading market and the benchmarks are expected to breach previous highs ahead of the Budget Session.
Also in today market the 30-share index was at 28,357.76, up 95.75 points or 0.34 per cent. It touched a high of 28,375.79 and a low of 28,324.85 in trade today. The Nifty was at 8,580.95, up 30.25 points or 0.35 per cent. It touched a high of 8,587.65 and a low of 8,575.10 in trade today. Coal India, Hindalco, TCS, Axis Bank and Tata Steel are top gainers in the Sensex. Among the losers are HUL, Tata Motors, GAIL, Maruti and Bajaj Auto.
The Indian rupee opened lower by 11 paise at 61.82 per dollar against previous day's closing value of 61.71 a dollar. Global cues, meanwhile are positive with the Asian market treading mixed in early morning trade as investors await data from China for further trading cues. China's Q4 GDP was expected to grow by 7.2 percent but came in at 7.3 percent. European equities closed largely higher on Monday, as investors look ahead to Thursday's European Central Bank (ECB) meeting.

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