BUY PNB @ 68 TARGET 69.50 /71.50 SL 65
Sensex up 100 pts, Nifty above 11,900; metal stocks shine, Zee Ent drags.open tracking positive trend seen in other Asian markets as growing optimism over US-China trade talks and upbeat US job data boosted global investors’ appetite for riskier assets.Tata Steel, Vedanta and IndusInd Bank are the top gainers while YES Bank, UltraTech Cement and Tata Steel are the most active stocks.Though we may see some consolidation or profit taking initially, I believe the prevailing up move to extend further. The Nifty50 has potential to retest its record high this month.As i step into November, fears of topping out might haunt investors. Although there are no evident signs that the market has topped out but given the fact we are trading near crucial resistance levels, further consolidation cannot be ruled out.Edelweiss Financial gains 3% on ECL Finance plan.
Sensex up 100 pts, Nifty above 11,900; metal stocks shine, Zee Ent drags.open tracking positive trend seen in other Asian markets as growing optimism over US-China trade talks and upbeat US job data boosted global investors’ appetite for riskier assets.Tata Steel, Vedanta and IndusInd Bank are the top gainers while YES Bank, UltraTech Cement and Tata Steel are the most active stocks.Though we may see some consolidation or profit taking initially, I believe the prevailing up move to extend further. The Nifty50 has potential to retest its record high this month.As i step into November, fears of topping out might haunt investors. Although there are no evident signs that the market has topped out but given the fact we are trading near crucial resistance levels, further consolidation cannot be ruled out.Edelweiss Financial gains 3% on ECL Finance plan.
No comments:
Post a Comment