FUTURE:
“BUY INFY ABOVE 1000 TGT 1012/1024 SL
88”
Sensex ended up 100 points or 0.4 percent at 26686, and the Nifty was up
34 points or 0.4 percent at 8061. Nifty open below 8000,made low of 7947.bank
nifty ended at 17622 made a low of 17275.After a lot of struggle, a late surge
helped market to end with some smart gains. The About 1289 shares have
advanced, 1336 shares declined, and 176 shares are unchanged. auto,
banks aid Bajaj Auto, Tata Power, SBI, HUL and NTPC were lead gainers while
Vedanta, Dr Reddy's, Tata Steel, HDFC and GAIL were laggards. The range 7929 is not
an easy to break support, hence, the bulls need not worry so long as they
defend this zone for a serious breakdown below this level would probably lead
to a sharp fall it’s kind of the last citadel the fall of which would mean the
bulls beginning to capitulate. Hence, we need to be vigilant about this zone.
On the other hand, the Nifty taking out the range between 8057 and 8071 would
signal the first sign of strength.
Beyond that, there would be a minor
resistance at 8104 but the truly tough supply zone would be found between 8122
and 8143. Markets witnessed a relief rally today on the bourses supported by
improved macroeconomic data IIP and inflation numbers. Timely arrival of
monsoon in the southern part. CPI and fair development to monsoon till-date is
providing support. but still India is in risk-off mode, led by dollar liquidity
which is impacting increase in global bond yield. The India Equity market closed green sound, Sensex
rose above 150 and nifty ends above 8000 levels in trade on Monday. Led
supported by oil & gas, FMCG, Auto, Banking & Financial stocks.
TOP GAINERS AND LOSERS ARE:
|
Top Gainer/Losers Company
|
Change %
|
|
IDEA
|
3.20
|
|
CAIRN
|
3.18
|
|
SUNPHARMA
|
2.89
|
|
M&M
|
2.68
|
|
INFOSYS
|
2.18
|
|
POWERGRID
|
-2.85
|
|
BANK OF BARODA
|
-2.55
|
|
HINDALCO
|
-2.44
|
|
ACC
|
-2.37
|
No comments:
Post a Comment