The daily equity report summarizes the performance of key indices and stocks on the market. It shows that the Sensex fell 321 points and the Nifty closed at 7018, down 91 points. Top gainers were BPCL and Power Grid, while top losers were BHEL, NTPC, and Tata Motors. The report provides analysis and recommendations for specific stocks, with technical indicators suggesting the market may continue to be weak.
2. INDEX SPOT OPEN CLOSE FLUCTUATION
SENSEX 23332.94 23088.93 321.25
NIFTY 7075 7018.70 90.85
BANK NIFTY 13873.70 13794.05 214.30
At the start of the market Nifty open nearly 35 points up at 7075.00 and
gradually flow with the side-ways trend and at the start of market Nifty
break the level of 7050 but couldnโt sustain for long and after Nifty
made new high of the day of 7090.80 at 1.08 pm and after that Nifty
made new low of 7009.75 at 3.12 pm and close at 7018.70 with loss of
90. 85 points.
MARKET INFO
TODAYโS MARKET FLOW
3. TODAYโS NEWS POINTS
๏ท BHEL starts 40 mw hydro power unit in West Bengal
๏ท Glenmark gets USFDA nod for contraceptive tablets
๏ท Punj Lloyd bags Rs 308 crore order for luxury villas in Dubai
๏ท Timex eyes 30% growth next fiscal, launches analog
smartwatch
๏ท 20% of Cipla FY17 revenues to come from US: Chirag Talati
๏ท NFL to invest Rs 185 cr to revive FCILโs Sindri unit
๏ท Sensex sinks 321 pts, Nifty ends below 7050; banks, infra drag
๏ท Maruti snaps 4-day fall as production resumes at Haryana
plants
๏ท NTPC OFS opens for retail buyers, stock dips below floor price
๏ท GMR Infra soars 15% on favourable ruling in Axis Bank debt
case
5. SCRIPTS S-1 S-2
PIVOT
POINT
R-1 R-2
NIFTY 6988 6958 7039 7069 7120
BANK NIFTY 13711 13628 13842 13925 14056
FORECASTING FOR TOMORROW
MARKET
Market is likely to be open negative but as Nifty give closing
below the support level of 7050, which makes Nifty weak on the
charts. ADX and Stochastic is also negative about Nifty, so we can
aspect Nifty falling even on expiry trade as well. As on Thursday
there is expiry we can expect market to be volatile but Nifty
closing below 7050 somewhat gives an indication that market is
going to be weak on expiry day as well. From past three days
market is sideways till 1.30 pm and after that market starts to fall
and we can aspect same on expiry as well.
DAILY PIVOTS
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