Although the index closed the session with smart gains the overall market breadth remained flat throughout the day’s trade and the advance decline ratio closed equally in favour of the advances and the declines in the ratio of 1:1 The smart gains amongst heavyweight Oil & Gas stocks ONGC and Reliance Ind helped the Oil & Gas index close the session with strong gains of 3%. The Metal and Auto indices also closed the session with smart gains of over 1%. The Consumer durables index closed with a loss of 1%.
The index traded the session on a very choppy and volatile on the backdrop of the F&O expiry but closed the session with smart gains of close to 200 points. With the smart up move witnessed during yesterday’s session the index is again into its resistance zone of 18000—18300 levels.
Sustenance above the 18000 levels will see the index remain in a broad range of 17800—18300 levels over the upcoming few sessions of trade.
The 17800—18000 levels will provide good support for the index on the downside.
We booked full profits on our long call given on VIP Ind Ltd @ 712 levels. (Initiated @ 675 levels). The recommendation fetched a fabulous return of 5.50% to the subscribers of our product Trading calls section.
We recommend subscribing to our product Trading Calls section to avail such profitable Equity Trading calls.
Today’s supports for the SENSEX are placed at the 17800 and 17900 levels whereas resistances are placed at the 18150 and 18300 levels
The index traded the session on a very choppy and volatile on the backdrop of the F&O expiry but closed the session with smart gains of close to 200 points. With the smart up move witnessed during yesterday’s session the index is again into its resistance zone of 18000—18300 levels.
Sustenance above the 18000 levels will see the index remain in a broad range of 17800—18300 levels over the upcoming few sessions of trade.
The 17800—18000 levels will provide good support for the index on the downside.
We booked full profits on our long call given on VIP Ind Ltd @ 712 levels. (Initiated @ 675 levels). The recommendation fetched a fabulous return of 5.50% to the subscribers of our product Trading calls section.
We recommend subscribing to our product Trading Calls section to avail such profitable Equity Trading calls.
Today’s supports for the SENSEX are placed at the 17800 and 17900 levels whereas resistances are placed at the 18150 and 18300 levels
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