After registering losses for four straight sessions, markets closed positive in today’s trade as investors accumulated quality stocks at valuable and attractive levels. Strength in European equities further uplifted the mood at D- Street. However, fears of an interest rate hike by the US Federal Reserve in June along with decline in crude oil prices and weakness in rupee capped the upside gains. The Sensex rose 75 points to end at 25,305 and the Nifty gained 18 points to close at 7,749. The rupee slid for the ninth day at over 2-1/2 month low & closed at 67.84 against the dollar today, hit by sustained foreign fund outflows.
Stock Intraday Tips for Tomorrow: 25th May
Buy Dwarikesh abive 198.50 level for intraday target of 200.50, 202.50 and 204.50, stop loss at 194.50
Buy Kwality above 115, for intraday trading targets are 116, 117 and 118, Keep Stop loss at 113 level.
Sell Eon Electric Ltd. below 71 level with strict stop loss at 72.40, intraday targets are 70.30 and 68.90