“BUY LT
ABOVE 1510 TGT 1530/1550”
The stock is showing correction since past few sessions and also
sustaining above lower trend line support level. Currently it has formed
reversal pattern on the short term charts and trading below the resistance
level of 1510.Breakout of its resistance level may show recovery in it where
traders can expect targets of 1530 and 1550 while major support of 1480can be
placed as technical stop loss.
The Nifty closed above the crucial psychological barrier of
8,850-mark; Fed keeps interest rates unchanged
Sensex ended with a gain of 266
points at 28,773. The Sensex opened at 28,767 touched an intra-day high of
28,872 and low of 28,693.The Nifty closed with a gain of 90 points at
8,867. The Nifty opened at 8,873 hitting a high of 8,893 and low of 8,837.
market finished higher
on Thursday, reversing two day’s losses as buying beaten down blue chip stocks
supported market sentiment. However, the markets witnessed some profit booking
near the day’s high, later on positive opening of the European markets helped
markets regain strength.
In overseas stock markets, European and Asian stocks edged higher
mirroring gains in the US market after the Federal Reserve left interest rates
unchanged and projected a less aggressive path for hikes next year and in 2018.
US stocks registered strong gains yesterday, 21 September 2016, after the
Federal Reserve kept interest rates unchanged but hinted at the possibility of
a rate hike later this year. Concluding a two-day meeting, the Federal Open
Market Committee (FOMC) announced that the federal funds rate will remain at
0.25% to 0.5%. The Fed also said risks to the economy have diminished since its
last meeting in July. The Fed last raised rates in December 2015, the first
hike in almost a decade.The Fed said US economic activity had picked up
and job gains were "solid" in recent months.
TOP GAINERS: Hero MotoCorp, NTPC,
Adani Ports, SBI and Power Grid
TOP LOSERS: Lupin, Axis Bank, TCS, HUL,
Coal India and Wipro
