IntradayTips :- European countries do not resolve the debt crisis causedmarkets to find out the weakness of the 1 per cent is to startwith. Sensex down 173 points 16 912 and the Nifty fell 53 pointsto open in 5086. Most of the impact of the global recession fear IT,is looking at technology stocks.IT, metal, technology, banking,capital goods stocks have declined by 1 per cent.Consumer durablesstocks have declined in the marketplace. Polaris,Hexaware, Educomp, Tech Mahindra, Wipro, Mindtree, MphasiS is theweakness of the 2.5 to 1.5. Infosys, TCS, HCL Tech have fallen 1per cent. Metal stocks Sesa Goa has broken the most. Sesa Goa'sstock is down nearly 4 per cent. Sesa Goa had weakened 2.5percent on Wednesday. However, Jindal Steel, SAIL, JSW Steel,Coal India has climbed 1.5 per cent. Sun Pharma, Hero Motokorp, HDFCBank, Bajaj Auto, L & T, Bharti Airtel, DLF, JaiprakashAssociates, SBI, Tata Motors, Reliance Industries is up from 3.5 to1.25 per cent.
European countries on Wednesday to become thedisagreement over the stimulus package because of the decline in U.S.markets. 0.5 percent, Dow Jones, S & P 500 1.25 per cent andthe Nasdaq Composite closed at 2 per cent.
Asian markets are alsoshowing the effect of the debt crisis of European countries. ShanghaiComposite 2 per cent, Hang Sang 2 per cent, 1.25 per cent Cospi,Nikkei Index 1 cent 1 cent and Taiwan are broken.
StockIntraday Tips For 20 October 2011
Hindalco Sell Stoploss - 129, Target - 125 –124.
DLF Sell Stoploss - 245,Target - 218.
REC Buy Stoploss - 169, Target - 190.