What we witnessed yesterday was another high volatility day In Indian Market. While opening Gap down and free falling for the initial hours, market again covered and narrowed its losses till the closing. Bank Nifty also recovered back and closed just 33 points down.
SBI, Lupin , ONGC, L&T and Tata Steel were top gainers while Bajaj Auto, M&M, Hero MotoCorp, HDFC Bank and BHEL were losers in the Sensex.
About 1241 shares have advanced, 1314 shares declined, and 179 shares are unchanged.
The Sensex was down 69.00 points or 0.3 percent at 25704.61, and the Nifty slipped 20.60 points or 0.3 percent at 7870.15.
Bank Nifty also recovered back and closed just 33 points down.
PNB Q4 loss at Rs5367 Cr. was reported, provisions rose 3-fold to Rs10485 cr. But the stock was 3 % high so you can imagine the unpredictability of the market today.
We booked profit in one of our call and we are positively holding other calls.
Part profit was booked in IGL around 605 which was advised to buy above 590.
Just keep following our levels and keep minting money.
What next for today??
Nifty futures has nearby support at 7815 and a major long time support 7770.A break of 7815 will make Nifty futures to test 7770 levels. A break and sustain below 7770 will be negative for Nifty and it can test its next support of 7680.
Nifty will have to cross its major resistance of 7960—8000 levels to bring back the bullish rally in the market again.
Bank Nifty has a support at 16600, A break of this level will make Bank Nifty to touch 16450. More bearishness would be expected below 16450 and it could test its next support of 16250.
Else for fresh bullish rally Bank nifty has to cross above 17020 levels.
For more Updates keep following our levels.
Today's Top Pick
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