The market after flat opening yesterday slipped to day’s low in
morning trades but recovered in post noon trades and finally closed in
the positive with the Sensex at 27585, up by 126 points after dipping to
a low of 27323 in morning trades while the Nifty ended at 8323, up by
38 points. FMCG, consumer goods, and financial sector stocks remained in
demand and closed higher. Meantime, IIP data released after the market
hours yesterday turned above street expectation while CPI remains
slightly off the mark. Readers are advised to trade with caution keeping stock specific approach.
NIFTY FUTURE (Last close 8360.55)
The counter after flat opening yesterday recovered in post afternoon session on short covering and finally closed the day gaining over 45 points. The counter to retain its up move needs to trade and remain above 8373.75 whereby it may move up to 8389/8409. Strong support for the counter exists at 8342.25 which if breached decisively with volumes then it may slide to 8324/8300.
BANK NIFTY FUTURE (Last close 18889.35)
The counter after flat opening yesterday soon surged higher on hectic buying and remained firm thereafter and finally closed the session with a gain of 180 points. The counter to retain its up move needs to trade and remain above 18923.75 whereby it may move up to 18980/19055. Strong support for the counter exists at 18844.25 which if breached decisively with volumes then it may slide to 18791/18744.
GODREJ IND FUTURE (Last close 289.85)
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 293/295 on volume trading. Strong support for the stock exists at 286.25.
ACC FUTURE (Last close 1409.80)
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 1417/1428 on volume trading. Strong support for the stock exists at 1402.25.
NIFTY FUTURE (Last close 8360.55)
The counter after flat opening yesterday recovered in post afternoon session on short covering and finally closed the day gaining over 45 points. The counter to retain its up move needs to trade and remain above 8373.75 whereby it may move up to 8389/8409. Strong support for the counter exists at 8342.25 which if breached decisively with volumes then it may slide to 8324/8300.
BANK NIFTY FUTURE (Last close 18889.35)
The counter after flat opening yesterday soon surged higher on hectic buying and remained firm thereafter and finally closed the session with a gain of 180 points. The counter to retain its up move needs to trade and remain above 18923.75 whereby it may move up to 18980/19055. Strong support for the counter exists at 18844.25 which if breached decisively with volumes then it may slide to 18791/18744.
GODREJ IND FUTURE (Last close 289.85)
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 293/295 on volume trading. Strong support for the stock exists at 286.25.
ACC FUTURE (Last close 1409.80)
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 1417/1428 on volume trading. Strong support for the stock exists at 1402.25.
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