The market after flat opening yesterday moved with moderate
volatility amid bouts of buying and selling throughout the session and
finally closed flat with marginal loss. The market witnessed sell off in
stocks of metal, Infra, FMCG among others while select IT, pharma,
reality and banking stocks rose on buying. The Sensex closed at 28437
down by 56 points while the Nifty ended at 8633 down by 14 points.
Meanwhile, WPI declined at a much faster than expected pace of 2.06% on
year in February, as government data showed yesterday. Readers are
advised to trade with caution keeping stock specific approach.
NIFTY FUTURE (Last close 8665.60)
The counter after flat opening yesterday moved in a narrow range with moderate volatility and finally closed with marginal loss. The counter to gain strength needs to trade and remain above 8683.75 whereby it may move up to 8703/8726. Strong support for the counter exists at 8648.25 which if breached decisively with volumes then it may slide to 8629/8604.
BANK NIFTY FUTURE (Last close 18969.75)
The counter after flat opening yesterday moved in a choppy fashion throughout the session hitting day’s high of 19040 in closing hours. The counter finally closed with marginal gain of 88 points and may further move up to 19055/19112 on positive opening. Strong support for the counter exists at 18931.25 which if breached decisively with volumes then it may slide to 18888/18813.
PNB FUTURE (Last close 168.55)
The stock after consolidating during the past sessions closed yesterday above its weekly buy signal with moderate volumes gaining about one per-cent. The stock appears positive on charts and may move up to 171/173 on volume trading. Strong support for the stock exists at 165.25.
UNION BANK FUUTRE (Last close 170.85)
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 173/175 on volume trading. Strong support for the stock exists at 167.50.
NIFTY FUTURE (Last close 8665.60)
The counter after flat opening yesterday moved in a narrow range with moderate volatility and finally closed with marginal loss. The counter to gain strength needs to trade and remain above 8683.75 whereby it may move up to 8703/8726. Strong support for the counter exists at 8648.25 which if breached decisively with volumes then it may slide to 8629/8604.
BANK NIFTY FUTURE (Last close 18969.75)
The counter after flat opening yesterday moved in a choppy fashion throughout the session hitting day’s high of 19040 in closing hours. The counter finally closed with marginal gain of 88 points and may further move up to 19055/19112 on positive opening. Strong support for the counter exists at 18931.25 which if breached decisively with volumes then it may slide to 18888/18813.
PNB FUTURE (Last close 168.55)
The stock after consolidating during the past sessions closed yesterday above its weekly buy signal with moderate volumes gaining about one per-cent. The stock appears positive on charts and may move up to 171/173 on volume trading. Strong support for the stock exists at 165.25.
UNION BANK FUUTRE (Last close 170.85)
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 173/175 on volume trading. Strong support for the stock exists at 167.50.
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