Technical indicators point to more gains ahead, with the broader
NSE index last month seeing its 50-day moving average cross
above the 200-day average, creating a bullish trend called the
“golden cross".
2. DAILY REPORT
9th
June 2016
The Sensex and Nifty swung between gains and losses on
Wednesday, as investors booked profits on recent
outperformers, but defence stocks rose after the United States
recognised the country as a “major defence partner” during
Prime Minister Narendra Modi's ongoing US visit.
At 2.02 p.m., the 30-share BSE index Sensex was up 52.82 points
or 0.2 per cent at 27,062.49 and the 50-share NSE index Nifty
was up 10.6 points or 0.13 per cent at 8,277.05.
Among BSE sectoral indices, capital goods index gained the most
by 1.64 per cent, power 1.37 per cent, infrastructure 0.74 per
cent and PSU 0.7 per cent. On the other hand, IT index was
down 0.48 per cent, TECk 0.29 per cent, FMCG 0.18 per cent and
healthcare 0.01 per cent.
Technical indicators point to more gains ahead, with the broader
NSE index last month seeing its 50-day moving average cross
above the 200-day average, creating a bullish trend called the
“golden cross".
Analysts however warn markets will see periodic profit-taking,
especially ahead of key events this month, including the US
Federal Reserve policy meeting next week and Britain's June 23
referendum on whether to leave the European Union.
“There is constant churn in the portfolio which is resulting in a
regular amount of profit booking as seen in the market,"
MARKET WRAP UP
PARTICULARS BSE SENSEX NIFTY
Current Price 27020.66 8273.05
Points +10.99 +6.60
Change (%) +0.04 +0.08
High 27105.63 8288.90
Lows 26973.71 8252.05
Prev Close 27009.67 8266.45
DOMESTIC INDICES
INDEX CLOSE CHANGE (%)
SGX Nifty 8267.50 +0.30
Dow Jones 17938.21 +0.10
Nasdaq 4961.75 -0.14
Nikkei 225 16830.92 +0.92
Shanghai 2926.70 -0.32
Hang Seng 21297.88 -0.14
FTSE 6281.01 -0.06
CAC 4458.58 -0.39
DAX 10237.87 -0.49
GLOBAL INDICES
SEGMENT FII BUY DII SELL
DATE 07-06-16 07-06-16
BUY VALUE 6011.96 5512.23
SELL VALUE 1657.55 1611.22
NET VALUE +499.73 +46.33
FII TRADING ACTIVITY (In Cr.)
EXCHANGE ADVANCE DECLINE UNCHG. T/O
NSE 942 477 56 16617.43
MARKET MEASURE
3. DAILY REPORT
9th
June 2016
STOCK SYMBOL PRICE CHANGE (%) VOLUME
TATAPOWER
HCLTECH
AMBUJACEM
POWERGRID
BHEL
75.80
744.40
239.00
152.60
121.40
3.13
2.44
2.03
1.80
1.76
40,76,787
19,00,304
24,91,761
21,40,084
63,63,631
NIFTY TOP GAINERS
STOCK SYMBOL PRICE CHANGE (%) VOLUME
KOTAKBANK
INFY
ZEEL
ASIANPAINT
ADANIPORTS
759.40
1,237.00
456.30
1,019.00
204.30
-1.64
-1.62
-1.40
-1.33
-1.07
12,27,612
43,70,685
7,12,761
9,33,533
27,52,494
NIFTY TOP LOSERS
SCRIP R2 R1 PIVOT S1 S2
NIFTY 50 8320 8300 8281 8263 8244
POINT OF VIEW FOR NIFTY
TREND: SIDEWAYS TO UP
STRATEGY: BUY ON DIPS
CHART ANALYSIS
4. DAILY REPORT
9th
June 2016
SCRIP R2 R1 PIVOT S1 S2
NIFTY BANK 18045 17965 17889 17799 17710
POINT OF VIEW FOR NIFTYBANK
TREND: SIDEWAYS TO UP
STRATEGY: BUY ON DIPS
INVESTMENTS IDEA
BUY ARVIND FUT ABOVE 320 TGT 325 SL 315 BELOW
BUY SKSMICRO FUT ABOVE 693 TGT 705 SL 683 BELOW
5. DAILY REPORT
9th
June 2016
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