Stocks Market Live tips From Experts For Today, 21 August 2014

 

Trading steel with equited :

Lapse in monsoon leaves India's grain bowls 

high and dry; may impact food output, prices

The monsoon has almost vanished from the grain bowls of northern, western and central India, where some regions received no rainfall in recent days while many got barely 2-10% of normal, reviving risk to farm output and prices.

Rainfall had revived significantly in the middle of last month, bouncing back from an alarming 43% seasonal deficit to barely 16% after a few weeks of heavy showers. But with rainfall dipping in the past two weeks, deficit has again widened again to 18% for the entire country.

It is much higher in crucial cropping zones in northern and central India but the country's average looks better because of heavy rain in parts of south and northeast, which are agriculturally less significant. In Punjab and Haryana, shortfall is more than 60%, having an impact on productivity even though these regions have irrigation facilities. Some states have received no rainfall in the past few days. 

 

IntradayTrading Tips For Today Strategy 21August:

• SELL' Glenmark Ltd target of Rs 716 and a stop loss of Rs 731.
• SELL' ACC Ltd target of Rs 1510 and a stop loss of Rs 1540.
• BUY' M&M Financials Ltd target of Rs 280 and a stop loss of Rs 265.
• BUY' Grasim Ltd target of Rs 3540 and a stop loss of Rs 3400.