Today's Experts recommendation; Nifty holds 8200 amid consolidation

On Thursday, Market opened on the flat note and trade with volatility. Nifty starts above 8,200 and Sensex holding 26,500 level. Now Sensex trading at 26667, up 14.79 points or 0.06 percent. Nifty down mere 3 points or 0.04 percent at 8221. Auto, Bank Nifty, IT, Metals, Oil & Gas, PSU are the down, while Capital Good, Consumer Durables, FMCG,  and Healthcare are strong on the benchmarks. BSE midcap index down 40.75 points at 12457.87, whereas BSE smallcap index up 12.51 points at 12342.16. The Indian rupee slipped in the early trade. It has opened lower by 10 paise at 68.48 per dollar versus previous close 68.38. 

GAIL, ONGC, Cipla, Reliance, and Lupin are among top gainers whereas Asian Paints, Tata Motors, ICICI Bank, Bharti Airtel, and Adani Ports are the major losers in the Sensex. 

Experts Recommendation : 

Tata Steel - Buy, Stoploss - 408 Rs, Target - 421/424 Rs

ONGC - Buy, Stoploss - 284 Rs, Target - 300 Rs

IOC - Buy, Stoploss - 290 Rs, Target - 320 Rs

Sensex rallies over 300 pts | Nifty above 8600

Today the market ha opened fairly strong. Nifty reclimbed its crucial Psychological level of 8,600. Sensex surged by over 300 points in morning trade. It was opened at 27,810.55. Sensex was trading at 28017.51, up 307.93 points or 1.09 percent. It touched a high of 28,034.93 and a low of 27,795.74 in morning trade. 

Nifty gained 85.85 points or 0.99 percent at 8636.05. It was opened at 8600.20 in early trade. It touched a high of 8,646.65 and a low of 8,590.15 in early 30 minutes. 

The market breadth remained positive as about 1589 shares advanced against 495 declining shares on BSE.  

The broader markets also traded in line with benchmarks on positive breadth. BSE midcap index was up 0.96 percent at 12607.37 and BSE smallcaps index gained 1.06 percent at 12256.87. 

Nifty Bank rallies 1.56 percent at 18860.65. The Indian rupee opened higher by 6 paise at 66.85 per dollar against previous close 66.91. 

ICICI Bank, SBI, BHEL, Axis Bank, and Hero Motocorp were the top gainers. While Sun Pharma and Infosys were top losers in the Sensex. 

ICICI Bank gained 3.01 percent and reached in most buying stock. While Sun Pharma down 0.38 percent on BSE.

Today's Experts stock tips - 

Tata Steel - Buy, Stoploss - 364 Rs, Target - 387 Rs

Reliance Infra - Buy, Stoploss - 570 Rs, Target - 598 Rs

Arvind - Buy ( 2-3 days ), Stoploss - 302 Rs, Target -322 Rs