Today, Sensex ended with a loss of 90 points at
27,747. The Sensex opened at 27,920 touched an intra-day high of 28,014 and low
of 27,697.69.The Nifty closed with a loss of 33 points at 8,509. The Nifty
opened at 8,564 hitting a high of 8,587.10 and low of 8,494.35. Equity
benchmarks wiped out all gains in last hour of trade with the Nifty falling
below 8500 level intraday Monday after rallying 2.6 percent in the previous
week. However, the market started off trade on a positive note following
Reliance's Q1 results and firm Asian peers. Oil, infra, telecom and select
banking & financials dragged the market.
“BUY WIPRO ABOVE 555 TGT 565/580”
“SELL WIPRO BELOW 548 TGT 540/530”
The stock is in bear side and is forming a reversal pattern in short term charts, it is likely to show correction with the breach of the resistance level of 555, where one may initiate the long position in it for the targets of 570, while stop loss can be placed at 445. one may initiate the short position also if it is likely to show correction with the breach of the support level of 548 in it for the targets of 535, while stop loss can be placed at 560.
DAILY CHART FOR WIPRO:
TOP GAINERS: Adani Ports, RIL, Tata Steel, SBI, ONGC, HDFC and Coal India
TOP LOSERS: Tata Motors, GAIL, Asian Paints, Bharti Airtel and NTPC
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