Nifty ended at 5697.35 with 47.85 points positively and Sensex gained 175.11 points to end at 18754.61
All BSE Sectoral indices closed into positive except Realty.It was down by 0.37%. Auto index was the top gainer by 1.89%.
In Nifty50 stocks, Hindalco was the top gainer by 3.69% and ended at 120.8 whereas Relinfra was the top loser by 1.5% and ended at 537.2. HDIL was the turnover topper by the traded quantity and McDowell-n by the traded value.
Advance/Decline ratio was positive as 893 stocks gained and 573 stocks declined on NSE today.
Nifty Outlook : On weekly chart, Nifty closed negative for the first time after 3 consecutive positive closings.In our previous weekly blog, we have mentioned clearly a target for Nifty of 5770.Today Nifty Oct.Fut. touched 5766.05 and settled at 5723 with a 22.7 points' premium.We advice to book profits at this levels or else buy calls of 5800 instead of going long on Nifty Fut. Any fall upto 5440 level won't harm the uptrend but it will make the rally stronger.
Immediate Support : 5670
Immediate Resistance : 5770.
Nifty Weekly Chart :
All BSE Sectoral indices closed into positive except Realty.It was down by 0.37%. Auto index was the top gainer by 1.89%.
In Nifty50 stocks, Hindalco was the top gainer by 3.69% and ended at 120.8 whereas Relinfra was the top loser by 1.5% and ended at 537.2. HDIL was the turnover topper by the traded quantity and McDowell-n by the traded value.
Advance/Decline ratio was positive as 893 stocks gained and 573 stocks declined on NSE today.
Nifty Outlook : On weekly chart, Nifty closed negative for the first time after 3 consecutive positive closings.In our previous weekly blog, we have mentioned clearly a target for Nifty of 5770.Today Nifty Oct.Fut. touched 5766.05 and settled at 5723 with a 22.7 points' premium.We advice to book profits at this levels or else buy calls of 5800 instead of going long on Nifty Fut. Any fall upto 5440 level won't harm the uptrend but it will make the rally stronger.
Immediate Support : 5670
Immediate Resistance : 5770.
Nifty Weekly Chart :
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