Nifty 8810/Sensex 28978/Bank Nifty 20426
42 Advances /9 Declines/0 Unchanged
Bulls on rampage: Sensex surges 446 pts, Nifty ends above 8900
Tata Motors, Axis Bank, ICICI Bank, Asian Paints and Tata Steel were top gainers while TCS, Coal India, Wipro, Sun Pharma and ITC were major losers in the Sensex.
Bulls retained its control over Dalal Street on first day of the week as equity benchmarks posted biggest one-day gains in last two months on hopes of more inflow of foreign money after weaker-than-expected US jobs data.
The 50-share NSE Nifty surged 133.35 points or 1.51 percent to end at highest closing level of 8,943 since March 2015. It touched day's high of 8,950.85, driven largely by banks and auto stocks.
The 30-share BSE Sensex hit an intraday high of 29,013.40, before ending 445.91 points or 1.56 percent higher at 28,978.02, the highest closing level since April 13, 2015.
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ALSTOMT&D
BHEL
CHENNPETRO
ONGC
PRECAM
SPICEJET
SOLARINDS
Our recommendations rallied with this bullish market and we booked profit in these.
Starting with our Investment recommendation. Amara Raja Batteries flared and we booked part profit in this around 1050, and it was asked to buy around 980.
We booked full profit in Axis Bank Futures around 640, it was recommended to buy around 615. Lot size is 600.
Another recommendation proved great in intraday, as in Tata motors we booked full profit around 584—585. It was asked to buy around 568—565.
Enough?? No, There is more!!
We recommended buying in PNB above 131.50 and we booked part profit in this at 133.25.Lot Size 7000.
Bank nifty too flared and we booked part profit in this around 20460 and it was asked to buy from 20200. Lot Size 40.
Don’t count, there’s still more!!
Intraday traders booked another part profit In SBI around 261 and it was asked to buy around 258. Lot size 3000
In our options
recommendation, intraday traders booked profit in Century textile 760 CE around 27--29 and it was recommended to buy around 22—20. Lot Size 1100.
Still need trials? Just keep counting on us and keep minting money.
Now what to expect next??
Nifty and Bank Nifty future levels
Nifty gave a very good rally above 8865 levels giving a gap up opening and now immediate resistance is intact at 8880—8920 levels. If this level is positively breached and sustained then next resistance around 9100---9200 mark.
It has support intact at 8950 .If this level is negatively breached and not sustained then we may see next support building around 8890—8850.
Bank Nifty on the other hand after gaining more than 2 % still looks good on charts. Bank Nifty now has next pivot at 20770 which could be tested if positive momentum remains.
Support is intact at 20300 and on break below this level bank nifty futures can test 20100—19900 levels.
Today's Top Pick
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