Sensex crossed 18000 after 25 months, But faced profit booking & finally closed with marginal gains. So traders can book profit at higher levels or Keep strict Sl.
Sensex closed at 17970 up by 28 points, Nifty closted at 5374 up by 8 points from the previous close.
The Asian markets have retreated for the first time in the last six days. Nikkei has slipped while Kospi has edged lower on the back of technology and auto stocks.
The US markets have closed in the negative territory. Dow ended down 0.7% while Nasdaq slipped 0.2% from the previous close.
Inflation data are due for announcement today and could impact today's trading session. Overall the market breath is positive, so traders may follow the strategy of buying at dips.
For today Nifty face resistance around 5410 & support around 5320. Cement sector may attract buying in today's session.
Stock to watch:
IRB INFRA DEV LTD. (IRB): Showing breakout in charts Buy on dips to 284-286 with sl below 278 for tgt 300-305.
APOLLO TYRES LTD. (APOLLOTYRE): Buy around 80-81 with sl below 78 for tgt 88-90 in near term.
NMDC: Buy above 312 with sl below 305 for tgt 320-325+
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