Intraday Market Tips With Live Update

Nifty is likely to open on a positive note as indicated by SGX Nifty that was trading at 7865 level, up 45 points at 7:40 AM.

               Markets, last week, saw a weak closing with Nifty slipping below the 7800 level and Sensex too closing down nearly 250 points.
              Last week’s key government movement came on the Goods & Services Tax (GST) side with Chief Economic Advisor submitting the report to the Finance Ministry.
          Asian stocks opened higher on Monday, after a strong US jobs report sent US equities soaring on Friday.
            Chinese markets traded higher in the morning session, ahead of a deluge of economic data due this week such as trade numbers, consumer and producer price indexes, industrial production and retail sales.
           Finance stocks weighed, with brokerages trading lower between 0.9 and 2 percent. Banking stocks were also in the red.

           The Nifty corrected sharply by about 2 percent for the week to close below the crucial 7,800 mark on heightened prospects of a U.S interest rate hike in the coming days. Sentiment was also hit after the rupee fell to its lowest level in more than two years as it headed towards 67 against the dollar. FIIs sold equities worth $382 million over the past five trading sessions while DIIs bought stocks worth $385 million.
            The Indian rupee has opened flat at 66.70 a dollar on Monday against Friday's closing value.
       Tata Steel, Sun Pharma, Hindalco Industries, Hero Motocorp, ICICI Bank, Bank of Baroda and Asian Paints gained 1-3 percent. ITC, NTPC, M&M, ONGC and Cairn India were under pressure.

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The market started week on a positive note tracking global cues. The Sensex rose 108.70 points to 25746.81 and the Nifty climbed 34.65 points to 7816.55. CapitalHeight Research Pvt. Ltd. stock cash tips, Intraday trading tips on Equity and Commodity Market, Intraday tips, intraday trading tips, please visit this site at www.capitalheight.com/about.php or call at +91 9993066624, 0731-6615050.