The Equity Market has opened at strong note but after one hour it go for negative direction. Nifty struggles below 8,800 and Sensex trying to reach 28,500.
The International monetary fund has India's growth forecast from 7.4 percent to 7.6 percent for 2016 - 2017.
Sensex trading at 28307.48, down 30.24 points or 0.11 percent. Sensex touched a high of 28,477.65 and touched a low of 28,231.96 in morning trade.
NSE Nifty opened at nearby 8,800 in the early morning but at the movement struggle for 8,800 and trading at 8754.80 with the marginal loss of 13.30 points or 0.15 percent. Nifty touched a high of 8,806.95 and touched a low of 8,733.95 in first one hour of the trade.
NSE Gainers - Hindalco 2.33%, Asian Paints 2.04, Tata Motors (D) 1.56%, Bharti Infratel 1.41%, SBI 0.98%.
NSE Losers - Bajaj Auto 1.24%, HCL Tech 1.16%, Cipla 1.11%, Axis Bank 1.00%, ONGC 0.99%.
Trading Advice for Wednesday
Vedanta - Buy with a stop loss at Rs 184 TGT Rs 201
Canara Bank - Buy with a stop loss at Rs 327 TGT Rs 351
Voltas - Buy with a stop loss at Rs 393 TGT Rs 424
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