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The Indian markets were closed yesterday on the occasion of Buddha Purnima and the trading will resume today.The last week was a good one with weekly gains of 4% in Sensex and Nifty gained 3.3%. Meanwhile reports suggest that US economy grew by 0.1% in the month of April.Analyst are of the view that even though the overall economy of US is weak,but it is positioned for recovery.
The Us markets were trading mixed yesterday with Dow gaining 0.32% while Nasdaq lost 0.5%. There is no much movement in Asian markets too till now. So the Indian markets may trade in the same ranges today.
A few intra day calls for today include:SAIL(cmp 186),JSW steel(cmp 1111),Brigade Enterprise(cmp 215),Chambal Fertilizer(cmp 79),Spice Communication(cmp 44),SCI(cmp 282),Suzlon Energy(cmp 308),Gujurat NRE coke(cmp 158),DIsh TV(cmp 56),Tata Chemicals(cmp 371),Gitanjali Gems(cmp 306), Lupin(cmp 677).
Good Luck And Happy Trading.
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