The market after flat opening yesterday closed lower snapping six-day
winning streak with the Sensex closing at 27842 shedding 45 points
while the Nifty ended at 8378, down by 17 points led by losses in tech
and IT stocks ahead of INFY Q3 results this Friday. The market breadth
remained positive as 1617 stocks advanced while 1490 declined. Readers
are advised to trade with caution keeping stock specific approach.
NIFTY FUTURE (Last close 8422.85)
The counter after flat opening yesterday surged to session high of 8492 in morning trades but failed to sustain at higher levels and drifted lower as the session progressed and finally closed with marginal loss of 35 points. The counter to gain strength needs to trade and remain above 8449.75 whereby it may move up to 8468/8484. Strong support for the counter exists at 8400.25 which if breached decisively with volumes then it may slide to 8378/8363.
BANK NIFTY FUTURE (Last close 19150.15)
The counter after positive opening yesterday made a high of 19281 in morning trades but failed to sustain at higher levels and drifted lower as the session progressed and finally closed with marginal loss of 67 points. The counter to gain strength needs to trade and remain above 19202.75 whereby it may move up to 19253/19308. Strong support for the counter exists at 19097.25 which if breached decisively with volumes then it may slide to 19039/18991.
ITC FUTURE (Last close 371.70)
The stock after consolidating during the past sessions closed yesterday near its weekly buy signal with moderate volumes gaining marginally. The stock appears positive on charts and may move up to 374/376 on volume trading. Strong support for the stock exists at 369.50.
HERO MOTO FUTURE (Last close 3135.20)
The stock after consolidating during the past sessions closed yesterday above its weekly buy signal with moderate volumes gaining marginally. The stock appears positive on charts and may move up to 3149/3160 on volume trading. Strong support for the stock exists at 3126.25.
NIFTY FUTURE (Last close 8422.85)
The counter after flat opening yesterday surged to session high of 8492 in morning trades but failed to sustain at higher levels and drifted lower as the session progressed and finally closed with marginal loss of 35 points. The counter to gain strength needs to trade and remain above 8449.75 whereby it may move up to 8468/8484. Strong support for the counter exists at 8400.25 which if breached decisively with volumes then it may slide to 8378/8363.
BANK NIFTY FUTURE (Last close 19150.15)
The counter after positive opening yesterday made a high of 19281 in morning trades but failed to sustain at higher levels and drifted lower as the session progressed and finally closed with marginal loss of 67 points. The counter to gain strength needs to trade and remain above 19202.75 whereby it may move up to 19253/19308. Strong support for the counter exists at 19097.25 which if breached decisively with volumes then it may slide to 19039/18991.
ITC FUTURE (Last close 371.70)
The stock after consolidating during the past sessions closed yesterday near its weekly buy signal with moderate volumes gaining marginally. The stock appears positive on charts and may move up to 374/376 on volume trading. Strong support for the stock exists at 369.50.
HERO MOTO FUTURE (Last close 3135.20)
The stock after consolidating during the past sessions closed yesterday above its weekly buy signal with moderate volumes gaining marginally. The stock appears positive on charts and may move up to 3149/3160 on volume trading. Strong support for the stock exists at 3126.25.
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