The market after flat opening yesterday moved in a choppy fashion
amid thin trade throughout the session and finally closed with the
Sensex at 27507, up by 8 points while the Nifty ended at 8283, up by 1
point. Capital goods, PSU, auto stocks among others ended with gain
while healthcare and FMCG sector stocks lost. The market breadth
remained positive as 1898 stocks advanced while 1036 declined. Readers
are advised to trade with caution keeping stock specific approach.
NIFTY FUTURE (Last close 8343.80)
The counter after flat opening yesterday remained range bound throughout the session amid moderate volatility and finally closed with marginal gain of 5 points. The counter to retain its up move needs to trade and remain above 8359.75 whereby it may move up to 8375/8392. Strong support for the counter exists at 8325.25 which if breached decisively with volumes then it may slide to 8303/8287.
BANK NIFTY FUTURE (Last close 18904.20)
The counter after weak opening yesterday moved range bound with moderate volatility throughout the session and finally closed flat. The counter may move up to 18952/18988 on positive opening. Strong support for the counter exists at 18856.25 which if breached decisively with volumes then it may slide to 18819/18777.
ACC FUTURE (Last close 1414.75)
The stock after consolidating during the early part of the week closed yesterday above its weekly buy signal with moderate volumes gaining marginally. The stock appears positive on charts and may move up to 1422/1429 on volume trading. Strong support for the stock exists at 1407.25.
L & T FUTURE (Last close 1514.70)
The stock after consolidating during the early part of the week closed yesterday above its weekly buy signal with moderate volumes gaining marginally. The stock appears positive on charts and may move up to 1520/1527 on volume trading. Strong support for the stock exists at 1507.25.
NIFTY FUTURE (Last close 8343.80)
The counter after flat opening yesterday remained range bound throughout the session amid moderate volatility and finally closed with marginal gain of 5 points. The counter to retain its up move needs to trade and remain above 8359.75 whereby it may move up to 8375/8392. Strong support for the counter exists at 8325.25 which if breached decisively with volumes then it may slide to 8303/8287.
BANK NIFTY FUTURE (Last close 18904.20)
The counter after weak opening yesterday moved range bound with moderate volatility throughout the session and finally closed flat. The counter may move up to 18952/18988 on positive opening. Strong support for the counter exists at 18856.25 which if breached decisively with volumes then it may slide to 18819/18777.
ACC FUTURE (Last close 1414.75)
The stock after consolidating during the early part of the week closed yesterday above its weekly buy signal with moderate volumes gaining marginally. The stock appears positive on charts and may move up to 1422/1429 on volume trading. Strong support for the stock exists at 1407.25.
L & T FUTURE (Last close 1514.70)
The stock after consolidating during the early part of the week closed yesterday above its weekly buy signal with moderate volumes gaining marginally. The stock appears positive on charts and may move up to 1520/1527 on volume trading. Strong support for the stock exists at 1507.25.
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