Wednesday 24 May 2017

Opening Bell – Nifty Opens Above 9400, Tata Motors Top Nifty Gainer

Posted by suhani varma on Wednesday, May 24, 2017 with No comments
Live & Latest Intraday Live & Latest Intraday trading Stock Recommendations tomorrow, Stocks in news, Intraday tips free today, Stock market investment tips today and tomorrow, intraday nifty and stocks tips and calls Wednesday 24 May 2017, Nifty Trading Tips, nifty trend tomorrow, nifty stocks, nifty tips intraday, nifty tips provider, stock market investment for beginners, intraday stock tips, intraday trading tips, intraday stocks watch today, best stocks to buy today and tomorrow, hot stocks to buy now, picks in shares of India 24 May 2017:
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The BSE Sensex opened down by 81 points at 30446, while the Nifty50 opened higher by 24 points at 9410 mark.Tata Motors is the top Nifty gainer and Lupin is the top Nifty loser in the morning hours. Lupin is trading at Rs 1238 per share, down by 1%.Tata Motors Limited opened at Rs 469 per share higher by Rs 18.9 per share or 4.2% on BSE in the Wednesday’s trading session. The stock is trading higher by close to 5% at Rs 471.3 per share as of 0917 hours.

The rupee opened at 64.91 per dollar higher by 2 paise. On Tuesday, rupee closed 0.53% weaker at 64.89 per dollar against Monday's close of 64.55 after traders rushed to buy dollars on news of Indian Army destroying Pakistani bunkers along the Line of Control (LoC).

Now, going forward, Nifty50 has major support placed in the region of 9,350-9,370, and if this support level is breached, the index may correct up to the level of 9,270. On the upside, the level of 9,430 is likely to act as a major hurdle, and if it manages to hold above this level, the rally may extend up to the level of 9,460.


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