The MARKET
closed the week amid volatility with the Sensex at 28114 up marginally by 2 points after slipping to 2741685 while the Nifty ended at 8532 up by 11 points as gains in defensive shares helped offset most of the losses during the week.MARKET buoyed on last Friday after Cabinet nod for changes in GST Bill and plans to infuse capital in PSU banks. Clarification about the P-Note controversy by the Finance Ministry too aided the market sentiment. The market this week will be keenly watching the development in the current session of Parliament and RBI policy meet on the 4th August’15 coupled with Q1 results of Bharti, Bhel, M&M, Tata Motors, HCL Tech among others. Readers are advised to trade with caution keeping stock specific approach.
closed the week amid volatility with the Sensex at 28114 up marginally by 2 points after slipping to 2741685 while the Nifty ended at 8532 up by 11 points as gains in defensive shares helped offset most of the losses during the week.MARKET buoyed on last Friday after Cabinet nod for changes in GST Bill and plans to infuse capital in PSU banks. Clarification about the P-Note controversy by the Finance Ministry too aided the market sentiment. The market this week will be keenly watching the development in the current session of Parliament and RBI policy meet on the 4th August’15 coupled with Q1 results of Bharti, Bhel, M&M, Tata Motors, HCL Tech among others. Readers are advised to trade with caution keeping stock specific approach.
NIFTY FUTURE (Last close 8569.65)
The counter closed the week with marginal gain of 35 points amid high volatility and intra week swing of 248 points. The counter this week may remain in the range of 8464-8675, break above it may move up to 8710/8753 or else break below it may slide to 8431/8398. For today’sTRADING the counter to gain strength needs to trade and remain above 8594.75 whereby it may move up to 8617/8638. Strong support for the counter exists at 8544.25 which if breached decisively with volumes then it may slide to 8529/8508.
The counter closed the week with marginal gain of 35 points amid high volatility and intra week swing of 248 points. The counter this week may remain in the range of 8464-8675, break above it may move up to 8710/8753 or else break below it may slide to 8431/8398. For today’sTRADING
the counter to gain strength needs to trade and remain above 8594.75 whereby it may move up to 8617/8638. Strong support for the counter exists at 8544.25 which if breached decisively with volumes then it may slide to 8529/8508.
BANK NIFTY FUTURE (Last close 18835.80)
The counter closed the week gaining 159 points amid high volatility and intra week swing of 727 points. The counter this week may remain in the range of 18611-19061, break above it may move up to 19146/19232 or else break below it may slide to 18543/18459. For today’sTRADING the counter to gain strength needs to trade and remain above 18888.75 whereby it may move up to 18939/18988. Strong support for the counter exists at 18782.25 which if breached decisively with volumes then it may slide to 18729/18664.
The counter closed the week gaining 159 points amid high volatility and intra week swing of 727 points. The counter this week may remain in the range of 18611-19061, break above it may move up to 19146/19232 or else break below it may slide to 18543/18459. For today’sTRADING
the counter to gain strength needs to trade and remain above 18888.75 whereby it may move up to 18939/18988. Strong support for the counter exists at 18782.25 which if breached decisively with volumes then it may slide to 18729/18664.
AXIS BANK FUTURE (Last close 577.25)
The STOCK after consolidating closed the week with marginal loss but witnessed substantial buying on last Friday surging by 2%. The stock appears positive on daily charts and may move up to 582/586 on volumeTRADING. Strong support for the stock exists at 573.25.
The STOCK
after consolidating closed the week with marginal loss but witnessed substantial buying on last Friday surging by 2%. The stock appears positive on daily charts and may move up to 582/586 on volumeTRADING. Strong support for the stock exists at 573.25.
JINDAL STEEL & POWER FUTURE (Last close 79.25)
The stock after consolidating during the past sessions closed the week gaining 4% amid moderate volumes. The stock appears positive on charts and may move up to 82/84 on volume trading. Strong support for the stock exists at 77.00.
The stock after consolidating during the past sessions closed the week gaining 4% amid moderate volumes. The stock appears positive on charts and may move up to 82/84 on volume trading. Strong support for the stock exists at 77.00.
No comments:
Post a Comment