The MARKET
closed the week flat with the Sensex at 27090 gaining 29 points while the Nifty ended at 8121, up by 15 points as index heavy weight stocks witnessed profit booking at current levels while selective blue chip stocks gained. The market this week may remain volatile as TRADERS roll over positions in F&O segment to October series. Investors will closely watch the developments emerging out of PM’s visit to the U. S. Readers are advised to TRADE with caution keeping stock specific approach.
closed the week flat with the Sensex at 27090 gaining 29 points while the Nifty ended at 8121, up by 15 points as index heavy weight stocks witnessed profit booking at current levels while selective blue chip stocks gained. The market this week may remain volatile as TRADERS roll over positions in F&O segment to October series. Investors will closely watch the developments emerging out of PM’s visit to the U. S. Readers are advised to TRADE with caution keeping stock specific approach.
NIFTY FUTURE (Last close 8131.00)
The counter closed the week flat with marginal loss of 6 points amid high volatility and intra week swing of over 200 points. The counter this week may remain volatile in view of September F&O expiry this Thursday and move in the range of 8044-8217, break above it may move up to 8243/8267 or else break below it may slide to 8012/7985. For today’s TRADING the counter to gain strength needs to trade and remain above 8147.75 whereby it may move up to 8165/8178. Strong support for the counter exists at 8112.25 which if breached decisively with volumes then it may slide to 8090/8074.
The counter closed the week flat with marginal loss of 6 points amid high volatility and intra week swing of over 200 points. The counter this week may remain volatile in view of September F&O expiry this Thursday and move in the range of 8044-8217, break above it may move up to 8243/8267 or else break below it may slide to 8012/7985. For today’s TRADING
the counter to gain strength needs to trade and remain above 8147.75 whereby it may move up to 8165/8178. Strong support for the counter exists at 8112.25 which if breached decisively with volumes then it may slide to 8090/8074.
BANK NIFTY FUTURE (Last close 16160.40)
The counter closed the week losing 160 points amid high volatility and intra week swing of over 480 points. The counter this week may remain volatile in view of F&O expiry and move in the range of 16009-16311, break above it may move up to 16367/16426 or else break below it may slide to 15941/15872. For today’s trading the counter to gain strength needs to trade and remain above 16196.75 whereby it may move up to 16231/16270. Strong support for the counter exists at 16124.25 which if breached decisively with volumes then it may slide to 16088/16049.
The counter closed the week losing 160 points amid high volatility and intra week swing of over 480 points. The counter this week may remain volatile in view of F&O expiry and move in the range of 16009-16311, break above it may move up to 16367/16426 or else break below it may slide to 15941/15872. For today’s trading the counter to gain strength needs to trade and remain above 16196.75 whereby it may move up to 16231/16270. Strong support for the counter exists at 16124.25 which if breached decisively with volumes then it may slide to 16088/16049.
AMBUJA CEMENT FUTURE (Last close 215.05)
The STOCK after consolidating during the past week closed flat with moderate volumes. The stock appears positive on charts and may move up to 218/220 on volume TRADING. Strong support for the stock exists at 212.50.
The STOCK
after consolidating during the past week closed flat with moderate volumes. The stock appears positive on charts and may move up to 218/220 on volume TRADING. Strong support for the stock exists at 212.50.
IDFC FUTURE (Last close 148.55)
The stock after consolidating during the past week closed flat with moderate volumes. The stock appears positive on charts and may move up to 151/153 on volume TRADING. Strong support for the stock exists at 146.00.
The stock after consolidating during the past week closed flat with moderate volumes. The stock appears positive on charts and may move up to 151/153 on volume TRADING
. Strong support for the stock exists at 146.00.
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