Friday, May 15, 2015

MARKET SUMMARY FOR 18 MAY 2015

FUTURE:
“BUY HEXAWARE ABOVE 468 TGT 472 SL 465”
“SELL IDEA BELOW 172 TGT 169 SL 175”
Sensex up 118 pts at 27324, Nifty ends up 0.3% and 38.15 points at 8262; metals fall, Banks, infra, auto and FMCG stocks support benchmark indices. Lupin, State Bank of India, HDFC, IndustInd Bank and  Bharti Airtel, M&M, Axis Bank stood gainers stocks with gain of 3.83 per cent, 2.15 per cent, 1.78 per cent, 1.71 per cent,1.45 per cent,1.2 percent and 0.7 percent respectively. Among the losers are Bank of Baroda, Punjab National Bank, Vedanta, NTPC and Cain India, Coal India, Tata Steel and GAIL dipped 2.55 per cent, 2.42 per cent, 2.26 per cent, 1.91 per cent and 1.26 per cent,1.1 percent,1.00 percent, 1.00 percent About 1451 shares have advanced, 1239 shares declined, and 166 shares are unchanged. Nifty closed on a slight negative note at 8224 level. So on upside first resistance is at 8296-99 level. Next resistance are Nifty is in still bearish zone but a strong move above 8283 is good for bulls and on downside if below 8179 be very alert and avoid all longs Have a look at weekly trend. Indian equity ended the Friday’s session with a gain of around half a percent as investors remained hopeful of Reserve Bank of India (RBI) slashing the key policy rate to fuel investments and propel growth. Markets, after a cautious start, gained traction and traded mostly in the green terrain throughout the session and hold their crucial levels Sensex 27,300 and Nifty 8250.top gainers and losers:

Top Gainers 
Company

Price

% Gain
Lupin

1,684.25

3.20
SBI

287.45

2.31
IndusInd Bank

833.35

2.04
HDFC

1,234.30

2.03
M&M

1,249.05

1.78
Top Losers 
Company

Price

% Loss
Bank of Baroda

160.15

-2.67
PNB

147.40

-2.12
NTPC

136.10

-2.12
Vedanta

210.35

-2.05
HCL Tech

913.90

-1.23





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