Sensex reclaimed
the 26,000-mark by rising over 260 points and the Nifty regained the key 8,000-level in early
trade today, after six days of losses, on widespread buying amid firm Asian
cues. The market turned positive after six consecutive
days of fall, the positive traction in global market and short covering ahead
of expiry providing an interim relief. However, investors are not completely
inclined to place a fresh bet due to the cloudy concerns of demonetization and
the strengthening dollar. The indices bounced back from 6-month lows
with Sensex snapping it’s six-session long losing streak to
reclaim its 26,000 levels during early morning trade, rising as much as 274
points.
Technically, A strong break below 7940 will increase the downside pressure and drag it to 7900/7850. Traders can go short on a break below 7940.On the other hand, a decisive break above 8100 will ease the downside pressure and take the index futures higher to 8200 and 8250.
Technically, A strong break below 7940 will increase the downside pressure and drag it to 7900/7850. Traders can go short on a break below 7940.On the other hand, a decisive break above 8100 will ease the downside pressure and take the index futures higher to 8200 and 8250.
TOP
GAINERS: Hindalco, Bajaj Auto, Hero Motors, HDFC, HUL
TOP LOSERS: BHEL, L&T, Gail, Dr. Reddy
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