The market after positive opening yesterday remained firm throughout the session on the back of hopes of further economic reforms by the government coupled with buoyant global cues after interest rate cut by China. The Sensex closed the day at 28499 up by 164 points hitting intra-day high of 28541 while the Nifty ended at 8530, up by 52 points. IT and metal stocks among others remained firm and closed higher. The market breadth however, remained weak as 1409 shares advanced while 1780 declined. Readers are advised to trade with caution keeping stock specific approach.
NIFTY FUTURE (Last close 8535.50)
The counter after positive opening yesterday remained firm throughout the session and finally closed gaining over ½%. The counter may move further up to 8552/8565 on positive opening. Strong support for the counter exists at 8517.25 which if breached decisively with volumes then it may slide to 8498/8477.
The counter after positive opening yesterday remained firm throughout the session and finally closed gaining over ½%. The counter may move further up to 8552/8565 on positive opening. Strong support for the counter exists at 8517.25 which if breached decisively with volumes then it may slide to 8498/8477.
BANK NIFTY FUTURE (Last close 18306.55)
The counter after strong opening yesterday moved firmly upwards as the session progressed and finally closed gaining over 200 points. The counter may move further up to 18366/18412 on positive opening. Strong support for the counter exists at 18246.25 which if breached decisively with volumes then it may slide to 18188/18126.
The counter after strong opening yesterday moved firmly upwards as the session progressed and finally closed gaining over 200 points. The counter may move further up to 18366/18412 on positive opening. Strong support for the counter exists at 18246.25 which if breached decisively with volumes then it may slide to 18188/18126.
TITAN FUTURE (Last close 372.10)
The stock after consolidating during the past sessions closed yesterday above its weekly buy signal with moderate volumes gaining over 1%. The stock appears positive on charts and may move up to 375/377 on volume trading. Strong support for the stock exists at 369.00.
The stock after consolidating during the past sessions closed yesterday above its weekly buy signal with moderate volumes gaining over 1%. The stock appears positive on charts and may move up to 375/377 on volume trading. Strong support for the stock exists at 369.00.
SUN TV FUTURE (Last close 326.55)
The stock after consolidating during the past sessions closed yesterday near its weekly buy signal with moderate volumes gaining over 2%. The stock appears positive on charts and may move up to 330/332 on volume trading. Strong support for the stock exists at 323.00.
The stock after consolidating during the past sessions closed yesterday near its weekly buy signal with moderate volumes gaining over 2%. The stock appears positive on charts and may move up to 330/332 on volume trading. Strong support for the stock exists at 323.00.
No comments:
Post a Comment