MARKET UPDATE OF 01JAN 2020
Sensex rose 52 points to 41,306 while the Nifty50 ended with gains of 14 points at 12,182. It hit an intraday high of 12,222 levels.Indian market witnessed profit booking at higher levels and both Sensex and Nifty pared morning gains and closed near their intraday lows on Wednesday.Upsides looks limited, for time being, traders are advised to avoid buying the dip and remain short with a stop above 12290 levels on closing basis where as fresh shorting can be considered below 12150 levels, Top Nifty gainers: Vedanta, NTPC, Power Grid and Adani PortsTop Nifty losers: Zee Entertainment, IndusInd Bank, Eicher Motors and Titan Company.
Sensex rose 52 points to 41,306 while the Nifty50 ended with gains of 14 points at 12,182. It hit an intraday high of 12,222 levels.Indian market witnessed profit booking at higher levels and both Sensex and Nifty pared morning gains and closed near their intraday lows on Wednesday.Upsides looks limited, for time being, traders are advised to avoid buying the dip and remain short with a stop above 12290 levels on closing basis where as fresh shorting can be considered below 12150 levels, Top Nifty gainers: Vedanta, NTPC, Power Grid and Adani PortsTop Nifty losers: Zee Entertainment, IndusInd Bank, Eicher Motors and Titan Company.
