Thursday, 28 January 2016

EQUITY TRADING TIPS FOR 29 JAN 2016

“SELL WIPRO BELOW 549 TG 542,530 SL 555”
SBIN 1TG ACHIEVED
The market has ended flat volatility on January Future and Options (F&O) series expiry day. The benchmark BSE Sensex closed 22 points, or 0.09 per cent, lower at 24,469.57 while the NSE's Nifty ended the day at 7424 down 0.18 per cent or 13.10 points. The US Federal Reserve decision to leave interest rates unchanged lifted sentiments in some of the markets globally. Strong third quarter numbers from Vedanta and PowerGrid also boosted the market. FIIs have become more active in index options ahead of the Union budget next month. The institutional category generally buys index options when they expect volatility to rise. On the expiry day, F&O turnover on NSE had climbed to Rs 5.35 lakh crore. On a daily basis, the F&O segment had hit a high of Rs 6.27 lakh crore on April 30, 2015. L&T, Bharti Airtel, Adani Ports, Hindalco and BHEL were losers in the Sensex. Among gainers were HUL, ITC, Reliance, Sun Pharma and M&M.


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