
<div>
	The benchmark indices ended lower after hitting fresh highs at open on Wednesday as Asian shares fell taking their cues from Wall Street with investor enthusiasm toward US tax changes ebbing as the long-awaited reform bill wound its way through Congress, while higher US Treasury yields underpinned the dollar.</div>
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	Prime Minister Narendra Modi&rsquo;s electoral victories in key states continued to lend support to the markets, but focus has now shifted to Budget and macros.&nbsp;</div>
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	Meanwhile, some caution set in ahead of the release of the minutes from the Reserve Bank of India&rsquo;s policy meeting earlier this month in which the policy rate was kept unchanged. The minutes are scheduled to be released after market hours.</div>

Nifty ends below 10,450 after hitting record high, snaps four-day rally

Business Standard

Nifty ends below 10,450 after hitting record high, snaps four-day rally | News on Markets - Business Standard

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	<strong>Few trading ideas by Prabhudas Lilladher:</strong></div>
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	<strong>FORCE MOTORS - BUY</strong></div>
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	CMP: Rs 3,302 &nbsp;&nbsp;</div>
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	STOP LOSS: Rs 2,600 &nbsp; &nbsp;</div>
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	TARGET: Rs 3,800</div>
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	&nbsp;</div>
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	<strong>HERO MOTO CORP - BUY</strong></div>
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	CMP: Rs 3701 &nbsp; &nbsp; &nbsp;&nbsp;</div>
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	STOP LOSS: Rs 3500 &nbsp; &nbsp; &nbsp;</div>
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	TARGET: Rs 3800</div>
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	<a href="http://www.business-standard.com/article/markets/top-stock-recos-for-today-s-trade-buy-hero-motocorp-mastek-force-motors-117122000110_1.html" target="_blank"><strong>Click here for more</strong></a></div>

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	<strong>Key trading ideas from HDFC Securities:</strong></div>
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	<strong>Buy Veto Switchgears</strong></div>
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	CMP: Rs 246.35</div>
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	Stoploss: Rs 235</div>
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	Target: Rs 265</div>
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	<strong>Buy Genus Power</strong></div>
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	CMP: Rs 74.70</div>
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	Stoploss: Rs 71</div>
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	Target: Rs 82</div>
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	<a href="http://www.business-standard.com/article/markets/nifty-outlook-and-key-trading-ideas-by-hdfc-securities-117122000111_1.html" target="_blank"><strong>Click here for rationale</strong></a></div>

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	<strong>Nifty outlook by HDFC Securities</strong></div>
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	In the current Week, Nifty surpassed the crucial resistance of 10,350 and sustained above it. Nifty has broken out from the downward sloping trend line on the daily charts. Recently, Nifty has formed higher bottoms followed by higher top on the daily chart, indicating bullish trend reversal. Nifty is currently placed above 10, 20, 50, 100 and 200-DMA, indicating bullish trend on all time frames. Oscillators like ADX, KST and MACD have turned bullish on the short term charts. &nbsp;Targets for Nifty are seen at 10530 and 10855. Stoploss in Nifty longs should be kept at 10,170 on closing basis.&nbsp;</div>

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	<strong>SGX Nifty</strong></div>
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	The Nifty50 futures on the Singapore Stock Exchange were trading 18 points lower at 10451 indicating a flat to negative opening for the domestic market.</div>

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	<strong>Asian shares slip</strong></div>
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	Asian shares fell on Wednesday, taking their cues from Wall Street with investor enthusiasm toward US tax changes ebbing as the long-awaited reform bill wound its way through Congress, while higher US Treasury yields underpinned the dollar.</div>
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	MSCI&#39;s broadest index of Asia-Pacific shares outside Japan was down 0.2% in early trading, while Japan&#39;s Nikkei stock index also edged down 0.2%.</div>

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	<strong>US stocks fall</strong><br />
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	US stocks fell on Tuesday as excitement over the likelihood of a tax code revamp was offset by concern over its effect on years of monetary policy stimulus and the future of interest rates.</div>
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	The Dow Jones Industrial Average fell 37.45 points, or 0.15%, to 24,754.75, the S&amp;P 500 lost 8.69 points, or 0.32%, to 2,681.47 and the Nasdaq Composite dropped 30.91 points, or 0.44%, to 6,963.85</div>

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Nifty ends below 10,450 after hitting record high, snaps four-day rally

All that happened in Wednesday's trade