Nifty Fut last close – 8738.80.
As said yesterday, Nifty has entered into a minor bullish phase which is yet to take a full form. Nifty closed up by 73 points, indicating a strong buying in the last hour of market. What to expect from today ?
The above is the daily chart of Nifty fut. Continue reading
As expected in the morning, Nifty futures has shown bullish tendency all along with minor intraday corrections.
Nifty Futures closed 73 points above the last close with increased volumes, confirming the bullish trend. Long positions can be held with a stop loss of closing above 8693 levels. Banking, Auto and Metals led the rally today with IT lagging behind.
Top Gainers:
Top Losers:
Advance/Decline – 38/12
Market seems to be in bullish trend for the week, caution needs to be exercised as global events await.
The market ended flat with oil & gas stocks dragging major indices. The Sensex was up 40.95 points at 29135.88 and the Nifty was up 3.85 points at 8809.35. About 1336 shares advanced, 1584 shares declined and 195 shares were unchanged. ITC gained 3 percent while TCS, Bharti, HUL and HDFC were top gainers in the Sensex. Among the losers were Sun Pharma, ICICI Bank, Hindalco, Hero and Axis Bank.
Nifty opened up by 40 points and covered the gap in the first 5 minutes. As stated in the morning, Nifty held its support at 8636 and made its way to reach the first positional target of 8763.
At 3:30 PM, Nifty futures closed at 8768.6, up by 97.70 points for the day. The broader Nifty index closed at 8711.55, up by 84.15 points. Continue reading
Nifty Futures opened rather flat and was mostly rangebound all day with minor breakouts on either side. Nifty Futures held up the support of 8580 and made a high of 8698 to close at 8684.
Usine de L'argent Securities 