India InfoLine Recommendations
  • Buy and Hold IRB Infra between Rs220-222 with SL of Rs214 for target of Rs235, 238
  • Buy Praj Inds between Rs102-103 with SL of Rs99 for target of Rs109, 111 in 1-2 days
  • Buy DLF between Rs415-417 with SL of Rs410 for target of Rs428, 432 (For Intra day)
Daily-Derivatives-31-Aug-2009 :Recommendation By ICICI Securities ........... Read More
Daily Calls 31-Aug 2009: ................................................................................ Read Details
Weekly Stock Recommendation 31-Aug-2009 By ICICI Securities ................ Read More

Stock Market Updates:
  • Maytas Infra board gets approval to acquire management control
  • India Agriculture Grew 2.4% in Quarter Ended June 30
  • India Mining Grew 7.9%; Manufacturing Grew 3.4%
  • Indias Electricity Grew 6.2%; Construction Grew 7.1%
  • Indias economy grew 6.1% in April-June Quarter from year ago
  • ITI gets Rs167cr order from BSNL
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The market is likely to witness cautious trend as the slump in overnight US indices and the ongoing Asian indices could weigh on the sentiment.

ShareKhan Views

The market is likely to remain under pressure following on mixed US market and weakness among major Asian indices in the ongoing trades and it may exhibit strong volatility during the intra-day trades. However, prevailing bullish sentiment may help the market to get some buying support in initial trades. Among the key local indices, the Nifty could decline to 4670 on the downside while on the upside there is a near term resistance at 4755. The Sensex has a likely support at 15660 and may face resistance at 16200.