Sell Adani Enterprises Ltd with a stop loss of Rs 427
Adani Enterprises Ltd is a 'SELL' call with a stop loss of Rs 427 and a target of Rs 400.
Buy Marico Ltd with a target of Rs 272
Marico Ltd is a 'BUY' call with a target of Rs 272 and a stop loss of Rs 255.
Pre-market: Nifty seen opening higher; may reclaim 7,650 levels
NEW DELHI: The 50-share Nifty index is expected to open higher on Monday following positive trend seen in other Asian markets. Tracking the momentum, the index is expected to reclaim its crucial psychological level of 7,650 in trade today.
At 07:30 a.m., Nifty India stock futures in Singapore were trading 52 points higher at 7,667 indicating gap-up opening on the domestic market.
Benchmark indices settled near two week low led by weak global scenario ahead of RBI monetary policy. The S&P BSE Sensex fell 2.47 per cent and Nifty dropped 2.41 per cent for the week ended August 01, 2014.
Nifty breached the support of 7,700 with a gap-down opening in the morning session on Friday and remained was under severe selling pressure.
It has already retraced well below 7660 and the next support range for the index is placed in the range of 7565 to 7510, say analysts. It is now vital for the index to sustain above this range of 7510 - 7565.
Indian steel tycoon Lakshmi Mittal has bid for an iconic mountain range in Britain,.. http://goo.gl/ZYy745
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