The MARKET
closed at a fresh high snapping two day losing streak with the Sensex at 27319, up by 293 points after touching a low of 27144 and a high of 27354 while the Nifty ended at 8173, up by 87 points led by gains in oil & gas, FMCG, cement, IT stocks among others. Investors’ sentiment remained buoyant on hopes of better IIP and inflation data due to be released this weekend. MARKET breadth remained strong as 2156 stocks advanced while 997 declined. Readers are advised to trade with caution keeping STOCK specific approach.
closed at a fresh high snapping two day losing streak with the Sensex at 27319, up by 293 points after touching a low of 27144 and a high of 27354 while the Nifty ended at 8173, up by 87 points led by gains in oil & gas, FMCG, cement, IT stocks among others. Investors’ sentiment remained buoyant on hopes of better IIP and inflation data due to be released this weekend. MARKET breadth remained strong as 2156 stocks advanced while 997 declined. Readers are advised to trade with caution keeping STOCK specific approach.
NIFTY FUTURE (Last close 8193.10)
The counter after strong opening yesterday moved range bound till afternoon when hectic buying in front line stocks pulled up the counter to fresh high of 8197 in closing hours. The counter finally closed gaining 76 points. The counter may move further up to 8212/8234 on positive opening. Strong support for the counter exists at 8174.25 which if breached decisively with volumes then it may slide to 8155/8137.
The counter after strong opening yesterday moved range bound till afternoon when hectic buying in front line stocks pulled up the counter to fresh high of 8197 in closing hours. The counter finally closed gaining 76 points. The counter may move further up to 8212/8234 on positive opening. Strong support for the counter exists at 8174.25 which if breached decisively with volumes then it may slide to 8155/8137.
BANK NIFTY FUTURE (Last close 16267.75)
The counter after positive opening yesterday moved range bound till late afternoon when strong buying in front line banking stocks emerged taking the counter to session high of 16287 in closing hours. The counter finally closed gaining over 200 points. The counter may further move up to 16323/16365 on positive opening. Strong support for the counter exists at 16212.25 which if breached decisively with volumes then it may slide to 16170/16122.
The counter after positive opening yesterday moved range bound till late afternoon when strong buying in front line banking stocks emerged taking the counter to session high of 16287 in closing hours. The counter finally closed gaining over 200 points. The counter may further move up to 16323/16365 on positive opening. Strong support for the counter exists at 16212.25 which if breached decisively with volumes then it may slide to 16170/16122.
ADANI POWER FUTURE (Last close 50.25)
The STOCK after consolidating during the past sessions closed yesterday above its weekly buy signal with moderate volumes gaining over 2%. The stock appears positive on charts and may move up to 52/53 on volume TRADING. Strong support for the stock exists at 49.25.
The STOCK
after consolidating during the past sessions closed yesterday above its weekly buy signal with moderate volumes gaining over 2%. The stock appears positive on charts and may move up to 52/53 on volume TRADING. Strong support for the stock exists at 49.25.
L & T FIN FUTURE (Last close 67.90)
The STOCK after consolidating during the past week closed yesterday above its weekly resistance with moderate volumes gaining over 1%. The stock appears positive on charts and may move up to 70/72 on volume trading. Strong support for the stock exists at 66.50.
The STOCK
after consolidating during the past week closed yesterday above its weekly resistance with moderate volumes gaining over 1%. The stock appears positive on charts and may move up to 70/72 on volume trading. Strong support for the stock exists at 66.50.
No comments:
Post a Comment