FUTURE:
“BUY YESBANK
ABOVE 1070 TGT 1085/1100”
“SELL YESBANK
BELOW 1042 TGT 1020/1005”
DAILY CHART FOR YESBANK:
Indian Stock Market would open flat with positive bias.
Technically, Indian Stock Market is still in positive zone. Overall Market is positive and
traders should book partial profits at higher levels and buy again at dips to
gain higher profits as market would move positive in cycles. Nifty would
see strong support at 8200-8165-8098 whereas strong resistance would be seen at
8272-8294-8332-8385 levels. After opening on flat note, indices were stuck in a
narrow trading range throughout the day. Finally, the Sensex ended with a loss of 66 points at
26,777. The Sensex opened at 26,898
touched an intra-day high of 26,901 and low of 26,729.The Nifty closed
with a loss of 20 points at 8,201.
The Nifty opened at 8,229 hitting a high of 8,235 and low of 8,186.After giving a strong breakout in the previous week, market was expected to show strong momentum. Instead the market became sluggish as it failed to overcome the critical level of Nifty 8243. Bullish momentum will be witnessed as soon as both the indices close above these levels. The failure to do so in the week gone by, has resulted in mid-caps losing momentum. One should not be surprised by short term down moves towards strong Support Gap of 7948 – 7941.
The Nifty opened at 8,229 hitting a high of 8,235 and low of 8,186.After giving a strong breakout in the previous week, market was expected to show strong momentum. Instead the market became sluggish as it failed to overcome the critical level of Nifty 8243. Bullish momentum will be witnessed as soon as both the indices close above these levels. The failure to do so in the week gone by, has resulted in mid-caps losing momentum. One should not be surprised by short term down moves towards strong Support Gap of 7948 – 7941.
TOP GAINERS:
Bank of Baroda, Tata Motors, Yes Bank, UltraTech Cement,
Eicher Motors, M&M, SBI, Hindalco, GAIL and L&T
TOP LOSERS: Bharti Airtel, Lupin, Bharti Infratel, Tech Mahindra, Sun Pharma, Maruti
Suzuki and Axis Bank
No comments:
Post a Comment