Trends on SGX Nifty indicate a flat opening for the broader index in India, a rise of 5 points or 0.05 percent. Nifty futures were trading around 10,655-level on the Singaporean Exchange.
The Nifty50 is likely to open flat on Tuesday but with a positive bias tracking muted trend seen in other Asian markets. The index closed 57 points lower at 10,657 on Monday.
Trends on SGX Nifty indicate a flat opening for the broader index in India, a rise of 5 points or 0.05 percent. Nifty futures were trading around 10,655-level on the Singaporean Exchange.
Wall Street ended higher on Monday after a choppy session, with gains in Apple and other technology stocks offsetting worries about an escalating trade war between Washington and its trading partners, said a Reuters report.
Asian markets edged cautiously higher on Tuesday, retracing some of the sharp declines seen in the overnight session as stocks tracked gains seen on Wall Street although worries over US trade policy lingered in the background, it said.
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Technical Recommendations:
We spoke to HDFC Securities and here’s what they have to recommend for intraday trading:
Sun Pharma: Buy| LTP: Rs 563 | Target: Rs 600 | Stop-loss Rs 545 | Return 7%
Tata Elxsi Ltd: Buy| LTP: Rs 1,344 | Target: Rs 1,425 | Stop-loss: Rs 1,300 | Return 6%
Shriram Transport Finance Ltd: Sell| LTP: Rs 1,286 | Target: Rs 1,180 | Stop-loss: Rs 1,365 | Return 8%
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