The market ended in the positive amid high volatility on the special
trading session after the Union Budget on last Saturday with the Sensex
at 29361 up by 141 points while the Nifty ended at 8901 up by 57 points.
Investors’ sentiment remained high on promises of lower corporate taxes
and deferral of GAAR. However, raising of excise duty and service tax
that will make a host of articles and services costly may be seen as a
dampener for the market. Readers are advised to trade with caution
keeping stock specific approach.
NIFTY FUTURE (Last close 8964.65)
The counter on special trading session after Union Budget closed on last Saturday gaining 74 points amid wild volatility and intra-day swing of over 200 points. The counter may move further up to 8988/9007 on positive opening. Strong support for the counter exists at 8939.25 which if breached decisively with volumes then it may slide to 8917/8888.
BANK NIFTY FUTURE (Last close 19853.10)
The counter on special trading session after Union Budget closed on last Saturday gaining over 630 points amid high volatility and intra-day swing of 840 points. The counter may move further up to 19919/19969 on positive opening. Strong support for the counter exists at 19788.25 which if breached decisively with volumes then it may slide to 19731/19666.
BANK OF BARODA FUTURE (Last close 186.50)
The stock after consolidating during the past sessions closed on last Saturday above its weekly buy signal with moderate volumes gaining over 1%. The stock appears positive on charts and may move up to 189/192 on volume trading. Strong support for the stock exists at 184.25.
HERO MOTO FUTURE (Last close 2700.70)
The stock after consolidating during the past sessions closed on last Saturday above its weekly buy signal with moderate volumes gaining over ½%. The stock appears positive on charts and may move up to 2713/2732 on volume trading. Strong support for the stock exists at 2687.25.
NIFTY FUTURE (Last close 8964.65)
The counter on special trading session after Union Budget closed on last Saturday gaining 74 points amid wild volatility and intra-day swing of over 200 points. The counter may move further up to 8988/9007 on positive opening. Strong support for the counter exists at 8939.25 which if breached decisively with volumes then it may slide to 8917/8888.
BANK NIFTY FUTURE (Last close 19853.10)
The counter on special trading session after Union Budget closed on last Saturday gaining over 630 points amid high volatility and intra-day swing of 840 points. The counter may move further up to 19919/19969 on positive opening. Strong support for the counter exists at 19788.25 which if breached decisively with volumes then it may slide to 19731/19666.
BANK OF BARODA FUTURE (Last close 186.50)
The stock after consolidating during the past sessions closed on last Saturday above its weekly buy signal with moderate volumes gaining over 1%. The stock appears positive on charts and may move up to 189/192 on volume trading. Strong support for the stock exists at 184.25.
HERO MOTO FUTURE (Last close 2700.70)
The stock after consolidating during the past sessions closed on last Saturday above its weekly buy signal with moderate volumes gaining over ½%. The stock appears positive on charts and may move up to 2713/2732 on volume trading. Strong support for the stock exists at 2687.25.
No comments:
Post a Comment