STOCK MARKET REVIEW
Markets extended rise for the second day after good gains in index heavyweights like RIL, Bharti Airtel, Reliance Communications, M&M, L&T. Auto, telecom, capital goods and pharma shares supported the markets. The Nifty hit highest level in more than two weeks.
Today’s Nifty Top gainer were :
RCOM with volume and changes 3,15,61,087 and 13.84%
M&M with volume and changes 20,44,486 and 3.26%
AXISBANK with volume and changes 24,30,128 and 3.28%
Today’s Nifty Top losers were :
ITC with volume and changes 93,12,170 and 1.13 %
CIPLA with volume and changes 12,36,691 and 1.54%
In upcoming trading session market can be expected to follow uptrend. It seems to be vary between 5605 - 5780
TECHNICAL OUTLOOK FOR THE DAY
THOMAS COOK
THOMAS COOK is going to announce the quarter result on 26TH July. The script closed trading at 50.95.Expected resistance and support levels for the scrip for the next trading session are:
Resistance 1-52
Resistance 2- 53
Support 1- 50
Support 2- 49
PIDILITE INDUSTRIES
PIDILITE INDUSTRIES is going to announce its first quarter results on 26TH July. It has seen trading within the bounded range before the result day. expected resistance and support levels are:
Resistance 1-178
Resistance 2- 180
Support 1- 174
Support 2- 171
NIFTY SPOT LEVEL
The Index opened up at 5,633.80 and finally closed at 5,680.30 rallying up +46.35 points (0.82%) The Intraday high and low of the day were 5,700.55 and 5,616.70 respectively.
The Nifty Futures also made an up rally of 46.35 points or (0.82%) and finally settled at 5,680.30 . The 30-share BSE Sensex was trading at 18,871.29 up 148.99 points.
Markets extended rise for the second day after good gains in index heavyweights like RIL, Bharti Airtel, Reliance Communications, M&M, L&T. Auto, telecom, capital goods and pharma shares supported the markets. The Nifty hit highest level in more than two weeks.
In upcoming trading session market market can be expected to follow uptrend, strategy for tomorrow will be buy on dips .Seems to be strongly trades between 5645 – 5740 in narrow perspective and in broad perspective it seems to be vary between 5605 - 5780
SUPPORT AND RESISTANCE:
The Support and Resistance Zone for Nifty Spot levels would be
Support 1: 5645 Support 2 : 5605
Resistance 1: 5740 Resistance 2: 5780
BANK NIFTY FUTURES
Bank Nifty Futures finally settled 11406 up by 96
In upcoming trading session market is expected to follow uptrend if it strongly trades between 11270–11505 is looking bearish in narrow perspective and in broad perspective it seems to be vary between 11160 - 11625
SUPPORT AND RESISTANCE:
The Support and Resistance Zone for Bank Nifty Futures would be
Support 1: 11270 Support 2: 11160
Resistance 1: 11505 Resistance 2: 11625
STOCKS OF WATCH
Buy OBC at cmp.
Book first target at 378 and second target at 382.
Keep the stop loss at 369.65
Buy AXIS BANK above the level1340.
Book first target at 1348 and Second target at 1360.
Keep the stop loss at 1325.45
Buy HCL TECH at cmp
Book first target at 521 and second target at 526
Keep the stop loss at 509.65
Buy TECH MAHINDRA at cmp.
Book first target at 779 and Second target at 788.
Keep the stop loss at 763.45
Buy BATA FUTURES above 645.
Book first target at 648 and second target at 653.
Keep stoploss at stop loss 640.85
14 comments:
I dont know what it is about this blog that turns me off so much, but you just dont seem to get me excited. I dont know if its the lack of content or just the way you wrote it. But you really dont seem to understand that your readers may not agree with you. Youre really just too out there for me. Nse Tips
I have to admit that I have never heard about this information. I have noticed many new facts for me.Share Market Tips
You've done an amazing job writing all these information and I hope that you can keep up the good work for your future readers. Option Tips
I have been a regular visitor of this site and I love reading blogs posted here. They are truly very well written, precise and to the point. Thanks. Stock Option Tips
You have done really nice job. There are many people searching about that now they will find enough sources by your tips. Options
I was working and suddenly I visits your site frequently and recommended it to me to read also. The writing style is superior and the content is relevant. Thanks for the insight you provide the readers! Nifty Options
Thanks for such an interesting article here. I was searching for something like that for quite a long time and at last I have found it here. Call Option
A good informative post that you have shared and thankful your work for sharing the information. Got some appealing information and would like to give it a try. Applaud your work and keep sharing your information.Really impressed! Everything is very open and very clear clarification of issues. Learn how you can know the current stock market condition. Stock market traders should know the ongoing share market scenario so as to succeed in it. Don’t be afraid of stock trading. Nifty option || Option Tips || Intraday option tips || positional option tips
Post a Comment