Market ended at two week low after sharp decline in the rupee, slide in crude oil prices and weakness among global peers led to sell off across the board by investors. The Sensex ended down 239 points to settle at 26,397 and the Nifty closed 59 points lower at 8,111. Further, profit booking by domestic institutional investors and retail players also weighed on market sentiment. Besides, industrial output contracted 0.8% in April, the first decline in three months, on the back of sharp fall in capital goods production and manufacturing activity which further dented sentiments. Key macroeconomic data that are lined up are release of consumer price index (CPI) today and inflation based on the wholesale price index (WPI) for May on Tuesday.
Intraday Tips Tomorrow: 14th May
Buy HARRMALAYA above 74, intraday target level at 74.70, 75.40 and 76.10, Stop loss at 72.60
Buy OUDHSUG above 132 level, tomorrow target at 133.30, 134.60 and 135.90, Stop loss at 129.40
Sell GOKEX below 115, Intraday trading target at 114, 113 and 112. Stop loss at 117 level.