The overall market breadth remained negative and choppy throughout the day’s trade and the advance decline ratio closed equally in favour of the declines in the ratio of 2:1. The Consumer durables index courtesy of smart gains amongst its heavyweights Gitanjali gems Ltd and Titan Ind. Ltd closed the session with a gain of 1%.The Capital goods and IT index closed with a loss of 1.5% each. As we had pointed out in our previous daily trading note, the SENSEX slipped towards the 17800 levels as it couldn’t sustain above the 18000 levels during the past few sessions of trade. We reiterate that the 17500—17300 levels remain the downside targets for the index if it sustains below the 18000 levels for the upcoming sessions. On the downside, the lows witnessed during the month of Feb around the 17300—17200 levels will be the next crucial and meaningful support for the SENSEX.
The 18000-18200 zones will remain as stiff resistance zones for the SENSEX on ullbacks.
We booked part profits on our long call given on Dabur Ltd @ 108 levels. (Initiated @ 105.70 levels). The recommendation has already fetched a smart profit of Rs 4600/- per lot to the subscribers of our product Trading calls section. We continue to hold our positions for upside targets of Rs 114 levels.
We recommend subscribing to our product Trading Calls section to avail such profitable Equity Trading call
The 18000-18200 zones will remain as stiff resistance zones for the SENSEX on ullbacks.
We booked part profits on our long call given on Dabur Ltd @ 108 levels. (Initiated @ 105.70 levels). The recommendation has already fetched a smart profit of Rs 4600/- per lot to the subscribers of our product Trading calls section. We continue to hold our positions for upside targets of Rs 114 levels.
We recommend subscribing to our product Trading Calls section to avail such profitable Equity Trading call
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