MARKET STATS

Friday 28 August 2015

What will be the market in the September series, Where to Invest

August series to market the series has proved to be the worst in last 2 years. After August 2013, August 2015 series has proved to be the worst. In terms of the August decline is the biggest in the series.

In the August series nifty falls 473 and the Sensex dropped 1478 points. In the terms of percentage Sensex broken in 5.6 percent in August and the nifty goes down by 5.3 percent. Bank Nifty August series has weakened 6.6 percent. CNX Midcap Index 6.3 percent and the BSE Smallcap Index 3.4 percent fell in the August.

Today is the beginning of the September series and this series looks better in terms of opening the market. But how about the market environment during the September series and what you should know. Let's know according to market experts Aditya Bidla many and Hemant Thukral opinion.

Hemant Thukral says that the market for 8200-8250 with a stop loss at 7950 levels should buy. Bank Nifty can go up to 17800 in the September series, such as buying, keep stop loss of 17150. During the September series has become quite long positions in most of the shares. September series of the Bank of Baroda is Rs 198 and for Canara Bank target should be about Rs 252-253.

According to Hemant Thukral, Vedanta, Tata Steel is expected to increase. Lupin and Cipla is seeing long positions. Lupin would go around 2010. ONGC, Reliance Industries and BPCL as long positions in stocks have become. Adani Port is expected to go up to Rs 370-380, but the advice is to create distance from Adani Enterprises.

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Source: moneycontrol.com

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