The MARKET after positive opening yesterday moved range bound throughout the session with moderate volatility. The MARKET finally closed with the Sensex at 26420, up by 29 points after making intra-day high of 26530 while the Nifty ended at 7897, up by 23 points. The market sentiment remained firm on the back of softening crude price and strong rupee. Auto and reality stocks among others closed with strong gains. Readers are advised to TRADE with caution keeping STOCK specific approach.
NIFTY FUTURE (Last close 7909.65)
The counter after positive opening yesterday moved with positive bias throughout the session amid moderate volatility and finally closed gaining 31 points. The counter to retain its up move needs to TRADE and remain above 7927.75 whereby it may move up to 7948/7962. Strong support for the counter exists at 7893.25 which if breached decisively with volumes then it may slide to 7878/7857.
The counter after positive opening yesterday moved with positive bias throughout the session amid moderate volatility and finally closed gaining 31 points. The counter to retain its up move needs to TRADE and remain above 7927.75 whereby it may move up to 7948/7962. Strong support for the counter exists at 7893.25 which if breached decisively with volumes then it may slide to 7878/7857.
BANK NIFTY FUTURE (Last close 15536.75)
The counter after strong opening yesterday moved with positive bias throughout the session hitting intra-day high of 15640. The counter finally closed gaining 88 points. The counter to retain its up move needs to trade and remain above 15567.75 whereby it may move up to 15632/15688. Strong support for the counter exists at 15486.25 which if breached decisively with volumes then it may slide to 15423/15367.
The counter after strong opening yesterday moved with positive bias throughout the session hitting intra-day high of 15640. The counter finally closed gaining 88 points. The counter to retain its up move needs to trade and remain above 15567.75 whereby it may move up to 15632/15688. Strong support for the counter exists at 15486.25 which if breached decisively with volumes then it may slide to 15423/15367.
TATA POWER FUTURE (Last close 92.90)
The stock after consolidating during the past sessions closed yesterday above its weekly resistance with moderate volumes gaining over ½%. The stock appears positive on charts and may move up to 95/97 on volume trading. Strong support for the stock exists at 91.50.
The stock after consolidating during the past sessions closed yesterday above its weekly resistance with moderate volumes gaining over ½%. The stock appears positive on charts and may move up to 95/97 on volume trading. Strong support for the stock exists at 91.50.
TATA GLOBAL FUTURE (Last close 156.95)
The stock after consolidating during the past sessions closed yesterday above its weekly resistance with moderate volumes gaining over 1%. The stock appears positive on charts and may move up to 159/161 on volume trading. Strong support for the stock exists at 154.00.
The stock after consolidating during the past sessions closed yesterday above its weekly resistance with moderate volumes gaining over 1%. The stock appears positive on charts and may move up to 159/161 on volume trading. Strong support for the stock exists at 154.00.
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