How to work On Indian Stock Market

20 may 2

– Indian markets could remain weak today, but crucial support is seen around 8000 levels and is expected to bounce back from there. Asian markets are weak. L&T bags order and is expected to remain positive. Cipla, Lupin, Cadila & Epirus Bio pharmaceuticals Inc are likely to be positive.

– IT stocks are likely to be on the radar of traders. Infosys too could announce some acquisition in the coming few days as Cognizant did yesterday. It bought US based TriZetto.

– Wipro bagged new order from Saudi Electricity Company, expected to move up while Tata Motors is expected to go down on decline in global sales. Pantaloon or Future Retail could go up on the news of Morgan Stanley, an investment bank bought shares of worth 32 Crs.

– INR is to trade soft today against the USD. Bullions are might go up on the back of increase imports in gold. Important data are about to come from the UK, GBP in focus.

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