Key benchmark indices edged lower as Asian and European stocks dropped as signs the US economy is strengthening fueled speculation that the Federal Reserve will soon start tapering monetary stimulus to the US economy. The US central bank currently buys bonds worth $85 billion a month in a bid to hold interest rates low and encourage economic growth in the world's biggest economy. Fed's bond-buying program has been a source of liquidity for most Asian and emerging markets this year. The barometer index, the S&P BSE Sensex, was provisionally down 42.80 points or 0.2%, off close to 70 points from the day's high and up close to 40 points from the day's low. The market breadth, indicating the overall health of the market, was positive.
NOTE : AFTER 1ST TGT HIT KINDLY REVISED SL TO COST PRICE !
TRADING CALLS
CASH
BUY BANK OF INDIA 208-210 SL 204 TGT 214.50 / 219
BUY TATACHEM 276 SL 271 TGT 280.50 / 285
BUY TITAN IND 227.50 SL 223 TGT 232 / 236
SELL YESBANK 372 SL 377 TGT 367 / 362
SELL LIC HSG 206.50 SL 211 TGT 202 / 198
DISCLAIMER : THE AUTHOR IS NOT RESPONSIBLE FOR ANY LOSSES DURING ANY TRADE THIS IS MY VIEW !!
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