Commodity & Stock Market On 4th March 2013

Stock News Today:

MUMBAI,Shares from the small cap universe have been beaten down badly and the BSE Small Cap Index has corrected 20 percent from 7th Jan,2013 peak.

correction in broader market has just been horrible. It is difficult to comment on some of the stocks as do not know the reasons behind the big falls.

Dealers are attributing reasons such as promoters pledged shares and HNIs portfolio getting sold off in a weak market as margin calls got triggered.

While stocks from the small cap space are getting hammered,where traders can go long,there are a few stocks.

Nucleus Software can be bought near the current market price of Rs 80.55 with a SL of Rs 72 for a target of Rs 97. The stock is continuing its uptrend and is in breakout today from its range of Rs 78 to 80.

KRBL BSE 0.83 % can buy at around Rs 24.25 with SL of Rs 22 for the target of Rs 29. The stock is coming from a correction.

Traders can go long on Tilaknagar Industries near Rs 65 with SL of Rs 59 for the target of Rs 78. Today traders can buy from lower levels.stock is coming back from correction.

Smart Link Networks can buy around Rs 56.2 with SL of Rs 51 for a target of Rs 67. The stock  is trading above its 20 DMA.It has bounced from a good support at Rs 54.

Commodity News Today:

Crude Oil:

 Day traders are advised to sell around 5010 with SL 5030 for the target of Rs 4970.

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