The MARKET after flat opening yesterday moved with positive bias throughout the session except profit taking at times and finally closed with the Sensex at 27139, up by 120 points after making intra-day high of 27225 while the Nifty ended at 8114, up by 31 points. IT, auto, and select banking STOCKS among others closed firm on buying interest. Readers are advised to TRADE with caution keeping stock specific approach.
NIFTY FUTURE (Last close 8140.45)
The counter after positive opening yesterday moved with positive bias amid moderate volatility throughout making intra-day high of 8173 and finally closed with marginal gain of 19 points. The counter may further move up to 8168/8189 on positive opening. Strong support for the counter exists at 8114.25 which if breached decisively with volumes then it may slide to 8091/8077.
The counter after positive opening yesterday moved with positive bias amid moderate volatility throughout making intra-day high of 8173 and finally closed with marginal gain of 19 points. The counter may further move up to 8168/8189 on positive opening. Strong support for the counter exists at 8114.25 which if breached decisively with volumes then it may slide to 8091/8077.
BANK NIFTY FUTURE (Last close 16183.00)
The counter after strong opening yesterday failed to hold on to the opening levels and slipped to session low of 16105 on profit taking in morning trades. The counter however, recovered in subsequent trades and finally closed with marginal loss of 22 points. The counter to gain strength needs to trade and remain above 16213.75 whereby it may move up to 16267/16344. Strong support for the counter exists at 16124.25 which if breached decisively with volumes then it may slide to 16059/16013.
The counter after strong opening yesterday failed to hold on to the opening levels and slipped to session low of 16105 on profit taking in morning trades. The counter however, recovered in subsequent trades and finally closed with marginal loss of 22 points. The counter to gain strength needs to trade and remain above 16213.75 whereby it may move up to 16267/16344. Strong support for the counter exists at 16124.25 which if breached decisively with volumes then it may slide to 16059/16013.
BANK OF INDIA FUTURE (Last close 292.80)
The STOCK after consolidating during the past sessions closed yesterday above its weekly resistance with moderate volumes gaining 1%. The stock appears positive on charts and may move up to 296/299 on volume TRADING. Strong support for the stock exists at 288.25.
The STOCK after consolidating during the past sessions closed yesterday above its weekly resistance with moderate volumes gaining 1%. The stock appears positive on charts and may move up to 296/299 on volume TRADING. Strong support for the stock exists at 288.25.
ALLAHABAD BANK FUTURE (Last close 119.50)
The stock after consolidating during the past sessions closed yesterday above its weekly resistance with moderate volumes gaining over 1/2%. The stock appears positive on charts and may move up to 122/124 on volume TRADING. Strong support for the stock exists at 117.00.
The stock after consolidating during the past sessions closed yesterday above its weekly resistance with moderate volumes gaining over 1/2%. The stock appears positive on charts and may move up to 122/124 on volume TRADING. Strong support for the stock exists at 117.00.
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