Global signals are looking weak at the beginning of the December series. Today there is a mixed business in Asia but the SGX Nifty has a slight uptick.
In yesterday's trade, the brakes took a 3-day rally in the US market and Dao closed 27 points down. Yesterday the US markets closed with a slight decline.
Trump statement on China remains uncertain on the trade deal. Trump has said that there is every possibility of a deal with China. He further said that he does not know what kind of deal he wants with China. Between these signals today the beginning of the Indian markets has been faster.
Sensex and Nifty moves in early trading Nifty is seen around 10910, while the Sensex is showing around 36330. Smallcap stocks are seen in the market today as well as in the smallcap stocks. Buying activity in mid-cap stocks is also being seen today. BSE Smallcap index has surged by more than 0.16 percent to 14375. BSE mid-cap index is trading 0.33 percent higher than the index.
Havells: buy (Intraday), stoploss 684, target 707
Jubilant Food: Buy (1-2 days), Stoploss Rs 732, Target 765
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