Written Date :- 26.11.2015 Thursday 16:10 to 16:30 Hours IST
Nifty opened in slight gape up at 7837 and most of the session hovered around 7880. through out the session, INDIA VIX remained in GREEN. Whereas through out the session ADR in NSE kept deteriorating from 1000+/300+ in opening to to 849/534 at close. INDIA VIX and ADR both together shows neutral view for tomorrows trade.
Based on global clue and GST development, if NIFTY manages to open above 7900 then 7950 is immediate resistance and if opens below 7900 then 7850 is immediate support.
BOSCH today closed slightly higher than its opening level of 18400. SUNPHARMA was up today, mainly due to expiry bounce( in NOV series stock lost 16%) Another pharma major Dr. REDDY lost 8% in today's session alone. US FDA issued detail warning letter wherein it was said company has not taken sufficient corrective action. RCOM opened in gape up and throught out session traded in GREEN and closed at 5% higher. In IT pack, INFY and TCS moved in opposite direction to each other. INFY closed up by 0.8% and TCS closed down by 0.8%. LUMAX AUTO announced its plan to enter into manufacturing of parts of defense aerospace through JV and operation to be started in FY 2017. Stock reacted positive and closed 10% higher at 370.
In December, US FOMC meeting on rate hike and Chrismas holidays and rising level of terror threat during biggest festival season in EUROPE and US, will keep a shadow of caution on volume in stock market.
Happy Weekend
Disclaimer :-
This blog is for sharing information regarding the equity market. Writer of blog may have position in equity and derivative market as per his own risk profile and market condition. Readers of this blog page are requested to consult their financial adviser before acting on the information provided here.Writer may have discussed similar thing with friends in group.
Nifty opened in slight gape up at 7837 and most of the session hovered around 7880. through out the session, INDIA VIX remained in GREEN. Whereas through out the session ADR in NSE kept deteriorating from 1000+/300+ in opening to to 849/534 at close. INDIA VIX and ADR both together shows neutral view for tomorrows trade.
Based on global clue and GST development, if NIFTY manages to open above 7900 then 7950 is immediate resistance and if opens below 7900 then 7850 is immediate support.
BOSCH today closed slightly higher than its opening level of 18400. SUNPHARMA was up today, mainly due to expiry bounce( in NOV series stock lost 16%) Another pharma major Dr. REDDY lost 8% in today's session alone. US FDA issued detail warning letter wherein it was said company has not taken sufficient corrective action. RCOM opened in gape up and throught out session traded in GREEN and closed at 5% higher. In IT pack, INFY and TCS moved in opposite direction to each other. INFY closed up by 0.8% and TCS closed down by 0.8%. LUMAX AUTO announced its plan to enter into manufacturing of parts of defense aerospace through JV and operation to be started in FY 2017. Stock reacted positive and closed 10% higher at 370.
In December, US FOMC meeting on rate hike and Chrismas holidays and rising level of terror threat during biggest festival season in EUROPE and US, will keep a shadow of caution on volume in stock market.
Happy Weekend
Disclaimer :-
This blog is for sharing information regarding the equity market. Writer of blog may have position in equity and derivative market as per his own risk profile and market condition. Readers of this blog page are requested to consult their financial adviser before acting on the information provided here.Writer may have discussed similar thing with friends in group.
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