The SENSEX opened the session on a flat note and traded in a very lack lustre note for the entire trading session. The 17970—18060 was the narrow trading range for the SENSEX during yesterday’s session. The SENSEX finally closed the day at the 18,012 levels and remained unchanged as compared to the previous session’s close.
The overall market breadth remained flat and choppy 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 Capital goods Index recovered some of its losses witnessed during the previous session of trade with a smart gain of 1%. The Consumer durables index also closed the session with a gain of 1%. The FMCG index with a cut of 1% was the biggest loser amongst the sectoral indices. Rest of the sectoral indices closed the session on a flat note. It was a session of consolidation for the markets as the index spent yesterday’s session trading in a very narrow range.
The index traded within a very narrow range during yesterday’s session. But, the index is still trading below its crucial support zones. Sustenance, below the 18100—18200 levels over the upcoming sessions of trade will mean that the markets are still weak. The 17800 levels is the next near term support for the SENSEX on the downside. A break below the same will open up downside targets of 17600—17400
levels in the SENSEX.
Upside resistances are placed between the 18200—18400
zones and the bears will infuse fresh supply pressure into the
markets between these levels. We booked full profits on our intraday Long call given on Dabur Ltd @ 107.65 levels. (Initiated @ 105.50 levels). The
recommendation fetched a smart intraday profit Rs.4300/ per lot to the subscribers of our product Intraday calls section.
We recommend subscribing to our product Intraday Calls section to avail such profitable Intraday calls.
The overall market breadth remained flat and choppy 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 Capital goods Index recovered some of its losses witnessed during the previous session of trade with a smart gain of 1%. The Consumer durables index also closed the session with a gain of 1%. The FMCG index with a cut of 1% was the biggest loser amongst the sectoral indices. Rest of the sectoral indices closed the session on a flat note. It was a session of consolidation for the markets as the index spent yesterday’s session trading in a very narrow range.
The index traded within a very narrow range during yesterday’s session. But, the index is still trading below its crucial support zones. Sustenance, below the 18100—18200 levels over the upcoming sessions of trade will mean that the markets are still weak. The 17800 levels is the next near term support for the SENSEX on the downside. A break below the same will open up downside targets of 17600—17400
levels in the SENSEX.
Upside resistances are placed between the 18200—18400
zones and the bears will infuse fresh supply pressure into the
markets between these levels. We booked full profits on our intraday Long call given on Dabur Ltd @ 107.65 levels. (Initiated @ 105.50 levels). The
recommendation fetched a smart intraday profit Rs.4300/ per lot to the subscribers of our product Intraday calls section.
We recommend subscribing to our product Intraday Calls section to avail such profitable Intraday calls.
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