SELL COLPAL FUTURE BELOW 1248 TGT 1242/1234 SL 1254
BUY NTPC FUTURE ABOVE 131.5 TGT 133.4/135.5 SL 128.5
The tenure of the 16th Lok
Sabha that began business on June 04, 2014 and saw Narendra Modi assume
charge as India’s 14th Prime Minister ended on Wednesday. The country will now
gear up for general elections that are scheduled for April/May 2019.
BUY NTPC FUTURE ABOVE 131.5 TGT 133.4/135.5 SL 128.5
Nifty50 registered a strong bearish candle as it slid down in the last 40 minutes after moving in extremely narrow range of around 50 points between 10,870–10,825 for larger part of the trading session.The last hour breakdown may put some more pressure in the next session which may drag down the said index toward its 100-day moving average whose value is placed around 10,700 levels.
Benchmark indices ended around half a per
cent lower following a sell-off in the last hour of the session on Wednesday
weighed by RIL, L&T, ICICI Bank and State Bank of India.
The S&P BSE Sensex ended at 36,034, down 120 points or 0.33 per cent, while the broader Nifty50 index settled at 10,794, down 38 points or 0.35 per cent.
The S&P BSE Sensex ended at 36,034, down 120 points or 0.33 per cent, while the broader Nifty50 index settled at 10,794, down 38 points or 0.35 per cent.
According to available reports, the productivity of the 16th Lok
Sabha stood at 83 per cent (till February 6), above the 63 per cent in UPA
II (United Progressive Alliance II) and marginally less than 87 per cent in UPA
I.
BUZZING STOCKS
Shares of Dilip Buildcon (DBL) rallied 13 per cent.Shares of Ashok Leyland, Mahindra & Mahindra (M&M), Edelweiss Financial Services, BASF India, Finolex Cables, Natco Pharma and Rallis India were among 39 stocks from the S&P BSE 500 index that hit their respective 52-week lows on the BSE in intra-day trade on Wednesday. Aditya Birla Capital, CG Power and Industrial Solutions, Cochin Shipyard, Gujarat Pipavav Port, Jain Irrigation Systems, Philips Carbon Black, Uflex and TV Today Network too hit 52-week lows today.
Shares of Dilip Buildcon (DBL) rallied 13 per cent.Shares of Ashok Leyland, Mahindra & Mahindra (M&M), Edelweiss Financial Services, BASF India, Finolex Cables, Natco Pharma and Rallis India were among 39 stocks from the S&P BSE 500 index that hit their respective 52-week lows on the BSE in intra-day trade on Wednesday. Aditya Birla Capital, CG Power and Industrial Solutions, Cochin Shipyard, Gujarat Pipavav Port, Jain Irrigation Systems, Philips Carbon Black, Uflex and TV Today Network too hit 52-week lows today.
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