The SENSEX opened the session on a positive note and continued to move up as the session progressed. Yesterday’s rally was led by heavyweight stocks like Hindalco, ICICI Bank, DLF, SBI and
Wipro as these stocks propelled the index to an intraday high of 18,298.64 levels. The SENSEX finally closed the session at the 18,266.10 levels with a gain of 222 points.
The index closed the session on a positive note and so did the overall market breadth as the gainers outnumbered the losers and the advance decline ratio closed in favour of the advances in the ratio of 2:1
The Realty index led by smart gains amongst heavyweights DLF and HDIL helped the Realty index close the session with strong gains of over 3%. The Bankex and Metal indices also closed the session with smart gains of over 2%. The Auto index closed with a loss of 1% due to the sharp sell-off in Tata motors.The index closed the last trading session of the week with smart gains of over 200 points and added on to the gains witnessed during the previous session of trade. The smart gains witnessed during yesterday’s session have now brought the index closer to its stiff resistance zone of 18300—18550 levels. The strong
bounce from the recent lows of 17800 levels proves that the 17800—18000 zone will act as good support for the index, on corrections. Another key observation to be made is that the index has also registered a close above its key near term moving average during yesterday’s session.
Failure to cross the crucial resistance levels mentioned above will see the index remain in a broad range of 18550—17800 levels. We booked full profits on our short call given on Tata motors Ltd
@ 1120 levels. (Initiated @ 1143.50 levels). The recommendation fetched a smart gain of `5875/- 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 18000 and 18100 levels whereas resistances are placed at the 18400 and 18500 levels
Wipro as these stocks propelled the index to an intraday high of 18,298.64 levels. The SENSEX finally closed the session at the 18,266.10 levels with a gain of 222 points.
The index closed the session on a positive note and so did the overall market breadth as the gainers outnumbered the losers and the advance decline ratio closed in favour of the advances in the ratio of 2:1
The Realty index led by smart gains amongst heavyweights DLF and HDIL helped the Realty index close the session with strong gains of over 3%. The Bankex and Metal indices also closed the session with smart gains of over 2%. The Auto index closed with a loss of 1% due to the sharp sell-off in Tata motors.The index closed the last trading session of the week with smart gains of over 200 points and added on to the gains witnessed during the previous session of trade. The smart gains witnessed during yesterday’s session have now brought the index closer to its stiff resistance zone of 18300—18550 levels. The strong
bounce from the recent lows of 17800 levels proves that the 17800—18000 zone will act as good support for the index, on corrections. Another key observation to be made is that the index has also registered a close above its key near term moving average during yesterday’s session.
Failure to cross the crucial resistance levels mentioned above will see the index remain in a broad range of 18550—17800 levels. We booked full profits on our short call given on Tata motors Ltd
@ 1120 levels. (Initiated @ 1143.50 levels). The recommendation fetched a smart gain of `5875/- 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 18000 and 18100 levels whereas resistances are placed at the 18400 and 18500 levels
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