The MARKET
after weak opening yesterday remained range bound till afternoon when hectic buying led by short covering emerged taking the market to session high in closing hours erasing earlier losses. The Sensex closed the day at 27206 gaining 116 points making a low of 26918 in morning hours while the Nifty ended at 8146, up by 24 points. Consumer durables, auto and FMCG stocks remained in demand. The market breadth remained strong as 1760 stocks advanced while 1425 declined. The market may remain volatile in view of F&O expiry and therefore, readers are advised to TRADE with caution keeping stock specific approach.
after weak opening yesterday remained range bound till afternoon when hectic buying led by short covering emerged taking the market to session high in closing hours erasing earlier losses. The Sensex closed the day at 27206 gaining 116 points making a low of 26918 in morning hours while the Nifty ended at 8146, up by 24 points. Consumer durables, auto and FMCG stocks remained in demand. The market breadth remained strong as 1760 stocks advanced while 1425 declined. The market may remain volatile in view of F&O expiry and therefore, readers are advised to TRADE with caution keeping stock specific approach.
NIFTY FUTURE (Last close 8158.45)
The counter after weak opening yesterday moved with negative bias till afternoon when short covering coupled with select buying pulled up the counter to session high of 8177, very near to the level indicated in these columns. The counter finally closed with marginal gain of 27 points. The counter to retain its up move needs to TRADE and remain above 8171.75 whereby it may move up to 8187/8208. Strong support for the counter exists at 8137.25 which if breached decisively with volumes then it may slide to 8115/8088.
The counter after weak opening yesterday moved with negative bias till afternoon when short covering coupled with select buying pulled up the counter to session high of 8177, very near to the level indicated in these columns. The counter finally closed with marginal gain of 27 points. The counter to retain its up move needs to TRADE
and remain above 8171.75 whereby it may move up to 8187/8208. Strong support for the counter exists at 8137.25 which if breached decisively with volumes then it may slide to 8115/8088.
BANK NIFTY FUTURE (Last close 16217.90)
The counter after weak opening yesterday recovered as the session progressed on select buying hitting day’s high of 16288 in closing hours. The counter finally closed the day gaining 57 points. The counter to gain strength needs to TRADE and remain above 16246.75 whereby it may move up to 16302/16352. Strong support for the counter exists at 16182.05 which if breached decisively with volumes then it may slide to 16126/16068.
The counter after weak opening yesterday recovered as the session progressed on select buying hitting day’s high of 16288 in closing hours. The counter finally closed the day gaining 57 points. The counter to gain strength needs to TRADE
and remain above 16246.75 whereby it may move up to 16302/16352. Strong support for the counter exists at 16182.05 which if breached decisively with volumes then it may slide to 16126/16068.
DABUR FUTURE (Last close 224.60)
The STOCK after consolidating during the previous sessions closed yesterday above its weekly buy signal with moderate volumes gaining marginally. The STOCK appears positive on charts and may move up to 227/229 on volume TRADING. Strong support for the stock exists at 222.25.
The STOCK
after consolidating during the previous sessions closed yesterday above its weekly buy signal with moderate volumes gaining marginally. The STOCK appears positive on charts and may move up to 227/229 on volume TRADING. Strong support for the stock exists at 222.25.
CAIRN FUTURE (Last close 321.20)
The stock after consolidating during the past sessions closed yesterday above its weekly buy signal with moderate volumes gaining over ½%. The stock appears positive on charts and may move up to 323/326 on volume trading. Strong support for the stock exists at 318.50.
The stock after consolidating during the past sessions closed yesterday above its weekly buy signal with moderate volumes gaining over ½%. The stock appears positive on charts and may move up to 323/326 on volume trading. Strong support for the stock exists at 318.50.
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