YESBANK HIT ALL TGT 1210 MADE HIGH OF 1221.70
DAILY PROFIT: 30380 IN JUST TWO LOT
DAILY PROFIT: 30380 IN JUST TWO LOT
NIFTY HOLDS ABOVE 8100 AS RBI LEAVES REPO RATES
UNCHANGED
Sensex ended with a loss of 156 points at 26237. The indices
opened at 26456, touched an intra-day high of 26540 and low of 26164.The Nifty
dropped 41 points and closed at 8,102. It opened at 8,168. points, hitting a
high of 8,190. and low of 8,077. Sensex and
Nifty erased gains as RBI Monetary Policy Committee left the repo rate
unchanged at 6.25%. Industry was expecting at least 25 basis point cut. MPC stated all the key rates remain unchanged. This
includes Bank Rate which remains at 6.75%, Repo Rate remains 6.25%, Reverse
Repo Rate remains 5.75%, CRR remains 4.00% and SLR remains 20.75%.
Technically,A strong break below 8100
will increase the downside pressure and drag it to 8000/7900. Traders can go
short on a break below 8100.On the other hand, a decisive break above 8220 will
ease the downside pressure and take the index futures higher to 8270 and
8320
TOP GAINERS: Eicher Motors, BPCL, Adani
Ports, Idea, HDFC
TOP LOSERS: Sun
pharma, Bank of Baroda, Axis bank, Bosch, Bajaj Auto
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