NEW
YEAR OFFER
HURRY UP!!
47% OFF
GET
ANY PACKAGE (OPTION/CASH/STOCK FUTURE/NIFTY FUTURE/MCX) HALF YEARLY FOR @18500/-
ONLY
OFFER
valid
till 31 DEC ONLY
Call
07225909997,08109060248
or whatsapp 9424805124
or whatsapp 9424805124
The Sensex ended with a gain of 182 points at 26697. The benchmark
indices opened at 26607, touched an intra-day high of 26724 and low of 26494. The
Nifty gained 51 points and closed at 8,221. It opened at 8,196.15 points,
hitting a high of 8,228. and low of 8,155.
Market gained on account of positive European market and
short covering ahead of FED policy tomorrow. Investors are eyeing today’s CPI
data to ascertain the extent of demonetizations impact in conjunction with
RBI’s recent monetary policy stance. consumer price index (CPI) number,
which is due to come late today is estimated to be at 3.8% for November against
4.2% in October.
Technically, Nifty bull run continues, supporting this are the upwards run by associated indices. The Nifty reclaimed its crucial support level at 8,200 . The nifty has also managed to break past its crucial 200-day SMA placed at the 8,190 level, which is
a positive sign and could be due to short covering amid positive global cues. The Nifty registered a large bear candle on the charts in the previous session. A strong break below 8100 will increase the downside pressure and drag it to 8000/7900. on the downside to prevent further damage. However, on the upside a break above the 8,250 level is likely to lift hopes for the bulls.
a positive sign and could be due to short covering amid positive global cues. The Nifty registered a large bear candle on the charts in the previous session. A strong break below 8100 will increase the downside pressure and drag it to 8000/7900. on the downside to prevent further damage. However, on the upside a break above the 8,250 level is likely to lift hopes for the bulls.
Investors eyeing fed policy
US stocks struggled for direction yesterday, 12 December
2016, with the Dow notching the latest in a string of record closes, while the
S&P 500 and Nasdaq finished lower. Major indexes had fluctuated between
positive and negative territory with investors appearing reluctant to push
shares higher following pronounced gains for Wall Street ahead of a key meeting
by the Federal Reserve.
The Fed is expected to raise interest rates for only the second time in
a decade amid recent data suggesting the US recovery is gaining traction.
Higher US interest rates would attract foreign investments from the emerging
markets towards the US.
TOP
GAINERS: Tech Mahindra, Tata Motors, BPCL, Wipro, Adani Ports, Tata Motors DVR
TOP LOSERS: Ultratech Cement, Hindalco, Zee, BHEL, Grasim, GAIL, Ambuja Cement
No comments:
Post a Comment