Monday, 25 January 2016

MARKET IS IN BULLISH TREND IT’S TIME TO WAIT & WATCH FOR UPCOMING F&O EXPIRY

SELL JSWSTEEL BELOW 1105 TG 1190,1170 SL 1120
The bulls made an attempt to claw back After a good rally, the market ended flat. The Sensex was up 50 points at 24485 and the Nifty was up 13. Points at 7436. About 1734 shares advanced, 929 shares declined, and 157 shares were unchanged. Equity benchmarks continued to be volatile in afternoon trade. This correction is a structural which may last a couple of months because once markets fall globally, a consolidation can happen . In the near future, Nifty may test the 7550 level, which is its immediate important resistance level. On the downside, the immediate support level is at 7300 level. On Monday despite crude oil prices slumping about 3%. Most other Asian markets traded higher following on the rally seen in the US markets on Friday and a bounce in crude prices. HDFC Bank's third quarter earnings matched expectations on Monday. Profit increased 20 percent year-on-year to Rs 3357 crore during the quarter, supported by operating profit, net interest income and other income. Markets will remain closed tomorrow, January 26, on account of Republic Day holiday.
Top Gainers:
TATA STEEL SUN PHARMA COAL INDIA), HDFC ,ICICI BANK HUL
Top Losers:
GAIL HERO MOTOCORP , L&T TATA MOTORS, ADANI PORTS & SEZ

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