The market after flat to weak opening yesterday closed the session with the Sensex at 25589 down by 76 points after making a high of 25778 and a low of 25526 while the Nifty ended at 7649 down by 22 points. Market participants remained worried over geopolitical concerns over Ukraine and Russian tension and preferred to exit at higher levels. The market breadth remained weak as 1377 stocks advanced while 1678 declined. Readers are advised to trade with caution keeping stock specific approach.
NIFTY FUTURE (Last close 7669.65)
The counter after weak opening yesterday moved with negative bias till mid-afternoon when it witnessed hectic buying taking the counter to 7750, very near to the level indicated in these columns which however, remained short lived and slipped to session low of 7650 on profit taking, and finally closed with marginal loss of 21 points. The counter to gain strength needs to trade and remain above 7683.75 whereby it may move up to 7707/7719. Strong support for the counter exists at 7648.75 which if breached decisively with volumes then it may slide to 7626/7609.
The counter after weak opening yesterday moved with negative bias till mid-afternoon when it witnessed hectic buying taking the counter to 7750, very near to the level indicated in these columns which however, remained short lived and slipped to session low of 7650 on profit taking, and finally closed with marginal loss of 21 points. The counter to gain strength needs to trade and remain above 7683.75 whereby it may move up to 7707/7719. Strong support for the counter exists at 7648.75 which if breached decisively with volumes then it may slide to 7626/7609.
BANK NIFTY FUTURE (Last close 15066.50)
The counter closed yesterday with marginal loss of 25 points amid high volatility of 190 points making a high of 15216 and a low of 15026. The counter to gain strength needs to trade and remain above 15125.75 whereby it may move up to 15162/15207. Strong support for the counter exists at 15029.25 which if breached decisively with volumes then it may slide to 14964/14912.
The counter closed yesterday with marginal loss of 25 points amid high volatility of 190 points making a high of 15216 and a low of 15026. The counter to gain strength needs to trade and remain above 15125.75 whereby it may move up to 15162/15207. Strong support for the counter exists at 15029.25 which if breached decisively with volumes then it may slide to 14964/14912.
RELIANCE FUTURE (Last close 992.80)
Thestock after consolidating during the early part of the week closed yesterday above its weekly buy signal with moderate volumes gaining marginally. The stock appears positive on charts and may move up to 998/1006 on volume trading. Strong support for the stock exists at 986.25.
The
SRTRANFIN FUUTRE (Last close 912.55)
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 918/924 on volume trading. Strong support for the stock exists at 905.25.
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 918/924 on volume trading. Strong support for the stock exists at 905.25.
BHEL FUTURE (Last close 229.45)
The stock after consolidating during the early part of the week closed yesterday above its weekly resistance with moderate volumes gaining over ½%. The stock appears positive on charts and may move up to 232/234 on volume trading. Strong support for the stock exists at 227.25.
The stock after consolidating during the early part of the week closed yesterday above its weekly resistance with moderate volumes gaining over ½%. The stock appears positive on charts and may move up to 232/234 on volume trading. Strong support for the stock exists at 227.25.
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