The MARKET
after positive opening yesterday moved range bound throughout the session with moderate volatility ahead of August F&O expiry and finally closed continuing its gaining streak for fourth day with the Sensex at 26560, up by 117 points while the Nifty ended at 7936 gaining 31 points. Select auto, banking and oil & gas STOCKS among other closed firm on buying interest. The MARKET breadth remained positive as 1668 STOCKS advanced while 1445 declined. The market may remain volatile ahead of F&O expiry. Readers are advised to trade with caution keeping STOCK specific approach.
after positive opening yesterday moved range bound throughout the session with moderate volatility ahead of August F&O expiry and finally closed continuing its gaining streak for fourth day with the Sensex at 26560, up by 117 points while the Nifty ended at 7936 gaining 31 points. Select auto, banking and oil & gas STOCKS among other closed firm on buying interest. The MARKET breadth remained positive as 1668 STOCKS advanced while 1445 declined. The market may remain volatile ahead of F&O expiry. Readers are advised to trade with caution keeping STOCK specific approach.
NIFTY FUTURE (Last close 7931.60)
The counter after positive opening yesterday moved range bound with moderate volatility throughout the session ahead of F&O expiry and finally closed gaining 25 points. The counter may move further up to 7949/7965 on positive opening. Strong support for the counter exists at 7913.25 which if breached decisively with volumes then it may slide to 7894/7875.
The counter after positive opening yesterday moved range bound with moderate volatility throughout the session ahead of F&O expiry and finally closed gaining 25 points. The counter may move further up to 7949/7965 on positive opening. Strong support for the counter exists at 7913.25 which if breached decisively with volumes then it may slide to 7894/7875.
BANK NIFTY FUTURE (Last close 15713.60)
The counter after strong opening yesterday moved with positive bias throughout the session with moderate volatility and finally closed gaining 69 points. The counter to retain its up move needs to TRADE and remain above 15744.75 whereby it may move up to 15781/15823. Strong support for the counter exists at 15683.25 which if breached decisively with volumes then it may slide to 15645/15589.
The counter after strong opening yesterday moved with positive bias throughout the session with moderate volatility and finally closed gaining 69 points. The counter to retain its up move needs to TRADE
and remain above 15744.75 whereby it may move up to 15781/15823. Strong support for the counter exists at 15683.25 which if breached decisively with volumes then it may slide to 15645/15589.
PTC FUTURE (Last close 86.80)
The stock after consolidating during the past sessions closed yesterday above its weekly buy signal with moderate volumes gaining over 1/1/2%. The stock appears positive on charts and may move up to 88.50/90 on volume trading. Strong support for the stock exists at 85.00.
The stock after consolidating during the past sessions closed yesterday above its weekly buy signal with moderate volumes gaining over 1/1/2%. The stock appears positive on charts and may move up to 88.50/90 on volume trading. Strong support for the stock exists at 85.00.
TATA COMM FUTURE (Last close 360.75)
The stock after consolidating during the past sessions closed yesterday near its weekly resistance with moderate volumes gaining over 1/1/2%. The stock appears positive on charts and may move up to 364/366 on volume trading. Strong support for the stock exists at 257.00.
The stock after consolidating during the past sessions closed yesterday near its weekly resistance with moderate volumes gaining over 1/1/2%. The stock appears positive on charts and may move up to 364/366 on volume trading. Strong support for the stock exists at 257.00.
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