Monday, November 2, 2015

MARKET SUMMARY FOR 02 NOVEMBER 2015

FRIDAY ASIANPAINT  ROCKSSSSSSSS !!!!!!!!!!!!!!!!!!!!!
ASIANPAINT HIT FIRST TGT 826 MADE LOW OF 825.95
FUTURE :
“BULLISH RELINFRA ABOVE 393 TGT  396/400”
“BEARISH RELINFRA BELOW 389 TGT 384/379”
MARKET SUMMARY FOR 02 NOVEMBER 2015
The sensex and NSE Nifty fell for the sixth consecutive trading session on Monday.Sensex fell 97 points to 26559 and the Nifty declined 15 points to 8050, continuing downtrend for sixth consecutive session today. The broader markets closed flat. The market trimmed losses in last hour of trade to close marginally lower, continuing downtrend for sixth consecutive session on Monday. Weak Asian cues & Q2 earnings, bad manufacturing PMI data and NDA's likely loss in Bihar elections drove the Nifty below 8000 intraday.8100-8130 is now the immediate resistance and a level that must be taken out if the bulls have to regain strength. The next supply zone is around 8155 and then 8200 level which must be crossed decisively for any semblance of bullishness at this stage. On the lower side, 8085 is the immediate support but the critical support at this juncture is around 8052 and fresh downside momentum will be seen if this level is decisively breached.
TOP GAINERS
Company
Price
% Gain
Tech Mahindra
556.05
3.13
M&M
1,208.85
2.13
Yes Bank
772.00
1.76
Coal India
325.00
1.59
Ambuja Cements
210.00
1.47
Top Losers 
Company
Price
% Loss
Bajaj Auto
2,432.65
-4.62
Hindalco
80.95
-3.69
Tata Steel
238.90
-3.12
Vedanta
96.95
-3.00
HDFC
1,221.05
-2.85

                                             

  

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