BUY SUNTV 420 JAN CALL ABOVE 20 TG1-20.50 TG2-21 TG3-22 STOPLOSS 18.85
SELL LNT FUTURE BELOW 1281 TG1 1276.8 TG2 1270.95 TG3 1262.6 STOPLOSS 1296
Today’s Stock RecommendationTechnical Overview: Stock recommendation for 31/12/2015 is Jet airways ltd. In today’s trading session it was up by 1.61%. Its long term trend is up. It has made a long green candle indicating further buying in daily chart. Its short term support level is 649. All the indicators are suggesting that one can go for long position in this stock above 660 levels. The stock may test level of 680-700 in coming days.
Bears took charge on Wednesday as the market saw selling pressure in last couple of hours of trade today, weighed down by technology, banking & financials and select oil stocks. Nifty future down 30 points at 7901.
The 30-share BSE Sense down 119 points at 25960. The market breadth was slight strong as about 1365 shares advanced against 1299 declining shares on the BSE.
Shares of Tata Power Company rose 2.2 percent intraday Wednesday as the Tata Group Company is likely to see reduction in interest cost post refinancing of rupee loans.
Stocks of state-controlled lender IFCI rose 4.3 percent on news that the company has sold partial stake in National Stock Exchange (NSE). The stock hit an intraday high of Rs 28.05, its highest level since December 4.
GLOBAL MARKET OVERVIEW
Asian shares glided higher in early trading on Wednesday, taking their cues from overseas gains, although investors are cautiously watching to see whether renewed selling in crude oil futures will dent sentiment.
On Wall Street, major US indexes each gained more than 1 percent. All 10 major S&P sectors ended with gains, led by a 1.34-percent rise in the technology sector.
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