FUTURE :
“BUY COLPAL
ABOVE 820 TGT 830/840”
“BUY CONCOR
ABOVE 1400 TGT 1420/1450”
DAILY CHART FOR CONCOR
& COLPAL:
The Sensex ended with a loss of 72 points at 25,447. The
Sensex opened at 25,519 touched an intra-day high of 25,519.26 and low of
25,208.The Nifty closed with a loss of 19 points at 7,731. The Nifty
opened at 7,814 hitting a high of 7,821 and low of 7,722.The domestic
equity market had a promising start on Tuesday and the benchmark indices showed
strength through the first half of the session, but midway through the day, the
indices gave up all the gains and slumped, ending the day deep in the red. Indian Stock Market would open flat. Technically, Indian
Stock Market is still in negative zone. Market may see some short-covering
rally but it would capped at 7888 levels for Nifty. Every positive rally would
still be considered as an opportunity for traders to go short in the market.
Next support for Nifty would be 7695-7675 levels. Nifty if closes below 7715
levels, then we could witness further downfall in the market. Overall, trade is
to go short at every positive rally in the market. Nifty would see strong
support at 7715-7700-7675 whereas strong resistance would be seen at
7816-7830-7865-7888 levels.
TOP GAINERS:ITC, Power Grid, Bharti
Infratel, ACC, Tata Power, Ambuja Cement, Adani Ports, Bharti Airtel and Coal
India
TOP LOSERS: Lupin, Tata Steel, ONGC, Cipla, Bank of Baroda, Aurobindo
Pharma, TCS and SBI
ITC rallies as Cigarette business delivers better Q4 performance
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