Home » Indian stock market » nifty tips » Indian shares buy or sell march 3 2012

Saturday, March 3, 2012

Indian shares buy or sell march 3 2012

Indian shares buy or sell march 3 2012 ; Indian shares are expected to trade in a narrow band on Saturday as investors will prefer to stay on the sideline ahead of key events lined up starting next week.

According to analysts, the stock market has seen selling ahead of many important events in the coming few weeks, such as the results of the UP elections, RBI's monetary policy announcement and the Union Budget, which could move stocks sharply in either direction.

The Nifty is likely to remain volatile next week due to the effect of state election results. There could be an exaggerated effect on equity markets on either side driven by unfolding of the events," said Vinit Pagaria, VP - Investment Strategies, Microsec Capital Ltd.

"Nifty is likely to consolidate in the range of 5200-5600 in the near term. However, the medium term trend of Nifty is positive and hence any fall should be used as a buying opportunity," added Vinit.

Overnight, US stocks lost steam as stocks ended the day lower in a thinly traded session. The S&P 500 has gained almost 9 percent since the beginning of the year. "But mixed economic data and tensions between Iran and Israel have given investors few reasons lately to chase the market higher after three straight winning weeks for the benchmark index," according to a Reuters report.

The Dow Jones industrial average dipped 2.73 points, or 0.02 percent, to 12,977.57 at the close. The Standard & Poor's 500 Index slipped 4.46 points, or 0.32 percent, to 1,369.63. The Nasdaq Composite Index shed 12.78 points, or 0.43 percent, to close at 2,97

"Moody's Investors Service on Friday cut Greece 's sovereign debt rating to the lowest possible level after a debt-restructuring deal that imposes hefty economic losses for private creditors," said the Reuters report.

ET Now spoke to various experts and here's what they have to recommend for today's trade:

Mitesh Thacker of miteshthacker. com

Aurobindo Pharma Ltd is a 'BUY' call with a target of Rs 131 and a stop loss of Rs 114.75

Dabur India Ltd is a 'BUY' call with a target of Rs 112 and a stop loss of Rs 103

OnMobile Global Ltd is a 'SELL' call with a target of Rs 62.50 and a stop loss of Rs 71.25

Raymond Ltd is a 'SELL' call with a target of Rs 325 and a stop loss of Rs 361

Sesa Goa Ltd is a 'SELL' call with a target of Rs 192 and a stop loss of Rs 221 For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

Related Post:

Indian stock market
nifty tips
Posted by at
Labels: ,

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)