Thursday, November 3, 2016

NIFTY SETTLES ABOVE 8,500 MARK NEARING 4 MONTH LOW

Sensex ended with a loss of 97 points at 27,430. The Sensex opened at 27,518 touched an intra-day high of 27,601 and low of 27,399.The Nifty closed with a loss of 29 points at 8,485. The Nifty opened at 8,499.85 hitting a high of 8,538 and low of 8,476. Today’s decline was led by the oil & gas, realty, healthcare, energy, consumer durables, capital goods, metal, auto and banking stocks, while telecom and FMCG stocks were among the gainers on the BSE.Technically A strong break (close)below 8500 will increase the downside pressure and drag it to 8400,8300. Traders can go short on a break below 8500 with a stop-loss at 8700 for the target of 8400.
TOP GAINERS:  ICICI Bank, Tata Steel, Cipla, Hero MotoCorp, Dr Reddy's and RIL
TOP LOSERS:  ONGC, Bharti Airtel, M&M, Wipro and Sun Pharmaceuticals

No comments:

Post a Comment