The market after flat opening yesterday moved in a choppy fashion amid moderate volatility and finally closed with the Sensex at 28298 up by 75 points while the Nifty ended at 8588 up by 20 points. Stocks of consumer durables followed by health care, capital goods, and auto among others gained while FMCG, metal, energy and oil & gas stocks slipped and closed lower. Market sentiment remained buoyant after Labour Minister’s statement aboutINVESTMENT
in equity market by the pension fund. Readers are advised to trade with caution keeping stock specific approach.
in equity market by the pension fund. Readers are advised to trade with caution keeping stock specific approach.
NIFTY FUTURE (Last close 8615.00)
The counter after flat opening yesterday moved in a narrow range throughout the session and finally closed gaining 22 points. The counter to gain strength needs to trade and remain above 8638.75 whereby it may move up to 8655/8672. Strong support for the counter exists at 8597.25 which if breached decisively with volumes then it may slide to 8574/8552.
The counter after flat opening yesterday moved in a narrow range throughout the session and finally closed gaining 22 points. The counter to gain strength needs to trade and remain above 8638.75 whereby it may move up to 8655/8672. Strong support for the counter exists at 8597.25 which if breached decisively with volumes then it may slide to 8574/8552.
BANK NIFTY FUTURE (Last close 19098.95)
The counter after flat opening yesterday moved range bound till early afternoon when valueBUYING coupled with short covering emerged taking the counter to session high of 19194 which however, remained short lived and slipped onPROFIT taking. The counter finally closed gaining 83 points. The counter to retain its up move needs to trade and remain above 19134.75 whereby it may move up to 19191/19250. Strong support for the counter exists at 19050.25 which if breached decisively with volumes then it may slide to 18983/18926.
The counter after flat opening yesterday moved range bound till early afternoon when valueBUYING
coupled with short covering emerged taking the counter to session high of 19194 which however, remained short lived and slipped onPROFIT taking. The counter finally closed gaining 83 points. The counter to retain its up move needs to trade and remain above 19134.75 whereby it may move up to 19191/19250. Strong support for the counter exists at 19050.25 which if breached decisively with volumes then it may slide to 18983/18926.
ULTRATECO FUTURE (Last close 3230.10)
The stock after consolidating during the past sessions closed yesterday above its weekly resistance with moderate volumes gaining marginally. The stock appears positive on charts and may move up to 3253/3269 on volume trading. Strong support for the stock exists at 3218.25.
The stock after consolidating during the past sessions closed yesterday above its weekly resistance with moderate volumes gaining marginally. The stock appears positive on charts and may move up to 3253/3269 on volume trading. Strong support for the stock exists at 3218.25.
MIND TREE FUTURE (Last close 1300.35)
The stock after consolidating during the past sessions closed yesterday above its weeklyBUY signal with moderate volumes gaining over ½%. The stock appears positive on charts and may move up to 1309/1318 on volume trading. Strong support for the stock exists at 1291.25.
The stock after consolidating during the past sessions closed yesterday above its weeklyBUY
signal with moderate volumes gaining over ½%. The stock appears positive on charts and may move up to 1309/1318 on volume trading. Strong support for the stock exists at 1291.25.
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