Closing Market Updates 15th Feb. 2013 17:33
Market remained volatile and ended in red for the third week consecutively. Today, spot Nifty ended first time at 5876.75 after 28th Dec,12; declined by just 20.20 points after making a low of 5853.9 whereas Sensex ended at 19435.21 with 61.97 points in negative. February Nifty future ended at 5884.1 with a premium of 7.35 points.
Among BSE Sectoral Indices, Oil&Gas index was the top loser by 0.83% and Auto index was the top gained by 0.43%.
In Nifty50 stocks, Tatamotors gained the most by 2.52% and ended at 304.7. DrReddy was the top loser by 3.22 % which ended at 1814.Suzlon was the turnover topper by the quantity traded and SBI by the traded value today on NSE.
Advance/Decline ratio was negative at 1.54 : 1 as 915 stocks declined and 595 stocks gained today on NSE.
Nifty Outlook : As mentioned in our previous weekly blog in the same topic, Nifty near month Future took support near 5860 and bounced back smartly in the last session upto 5909. We recommend not to go short around 5850-5860 levels but buy on dips for the relief rally targeting 5990-6040 levels. Consider 5850-5820 levels are major support. Look for the stock specific opportunity ahead of Budget announcement time or book daily profits.
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Among BSE Sectoral Indices, Oil&Gas index was the top loser by 0.83% and Auto index was the top gained by 0.43%.
In Nifty50 stocks, Tatamotors gained the most by 2.52% and ended at 304.7. DrReddy was the top loser by 3.22 % which ended at 1814.Suzlon was the turnover topper by the quantity traded and SBI by the traded value today on NSE.
Advance/Decline ratio was negative at 1.54 : 1 as 915 stocks declined and 595 stocks gained today on NSE.
Nifty Outlook : As mentioned in our previous weekly blog in the same topic, Nifty near month Future took support near 5860 and bounced back smartly in the last session upto 5909. We recommend not to go short around 5850-5860 levels but buy on dips for the relief rally targeting 5990-6040 levels. Consider 5850-5820 levels are major support. Look for the stock specific opportunity ahead of Budget announcement time or book daily profits.
"Like" Integrity Financial Consultants page on Facebook to get live recommendations and updates.
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