The Nifty is likely to be under pressure on Wednesday as global stock markets are seeing profit booking. The government's decision on gas pricing will be important in determining sentiment for broader market today as key sectors will be impacted.
The second half of September could be volatile as the sharp upsurge in equity markets has made investors complacent. Investors should therefore book profits on any rise.
Trading calls for next few days,
1) Buy Siemens: 900-907, stop loss 875, target 955
2) Sell Sesa Sterlite: 279-283, stop loss 290, target 265
3) Sell Bank of India: 280-284, stop loss 290, target 265
Previous calls,
Buy Ceat: 776-782, stop loss 735, target 860
Sell Apollo Tyres: 208-212, stop loss 218, target 197
Sell Tata Steel: 516-521, stop loss 529, target 502
Buy Wipro: 578-583, stop loss 567, target 600
Sell HDFC: 1055-1060, stop loss 1075, target 1030
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