POSITIONAL :
“BUY
BHEL ABOVE 290 TGT 300/310”
DAILY RESISTANCE: 287, 290, 296,302
DAILY PIVOT POINT: 284
DAILY SUPPORT: 281, 278, 272, 266
DAILY PIVOT POINT: 284
DAILY SUPPORT: 281, 278, 272, 266
Moving Average of Bharat Heavy
Electricals Ltd.
MA Type
|
Fifty Days
|
Hundred Days
|
Two Hundred Days
|
SMA
|
251.072
|
247.406
|
251.667
|
EMA
|
256.143
|
251.927
|
246.28
|
SECTORS & STOCKS
All the sectoral indices ended in the green, with the exception of the IT space.The BSE Oil & Gas index jumped by more than 2% to emerge as the top sectoral gainer on the BSE. Reliance Industries was the leading Sensex gainer, vaulting by 4.2% at Rs 1,050 ahead of its April-June earnings on Friday. Analysts expect Reliance’s gross refining margins (GRM) to come at $9.5 in the June quarter, while petchem margins could compensate and provide the kicker. RIL has galloped by nearly 15% since mid-June after annopuncing plans to launch Reliance Jio. Among other oil stocks, HPCL, BPCL, IOC and Coal India have gained about 2% each.The banking stocks , with ICICI Bank, SBI Bank and HDFC Bank strengthening by 1-2% each. The auto stocks also had a great ride, with M&M, Bajaj Auto, Maruti and Hero Motocorp gaining 1-3% each.Sun Pharma, which had recorded its biggest single-day decline of 15% in the previous session due to a bleak profit warning, rebounded by 3%. Hindustan Unilever, which had shed about 2% post its Q1 numbers on Tuesday, also gained 2% during the day.
All the sectoral indices ended in the green, with the exception of the IT space.The BSE Oil & Gas index jumped by more than 2% to emerge as the top sectoral gainer on the BSE. Reliance Industries was the leading Sensex gainer, vaulting by 4.2% at Rs 1,050 ahead of its April-June earnings on Friday. Analysts expect Reliance’s gross refining margins (GRM) to come at $9.5 in the June quarter, while petchem margins could compensate and provide the kicker. RIL has galloped by nearly 15% since mid-June after annopuncing plans to launch Reliance Jio. Among other oil stocks, HPCL, BPCL, IOC and Coal India have gained about 2% each.The banking stocks , with ICICI Bank, SBI Bank and HDFC Bank strengthening by 1-2% each. The auto stocks also had a great ride, with M&M, Bajaj Auto, Maruti and Hero Motocorp gaining 1-3% each.Sun Pharma, which had recorded its biggest single-day decline of 15% in the previous session due to a bleak profit warning, rebounded by 3%. Hindustan Unilever, which had shed about 2% post its Q1 numbers on Tuesday, also gained 2% during the day.
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