Written Date :- 27.11.2015 FRIDAY. MORNING 10:14 to 10:30 AM IST
It seems that GST Bill will be driving force of today's session. As per news, PM has invited opposition leaders for meeting and market is excited. Nifty opened in Green and Trading in green. India VIX is also trading in RED and ADR of NSE also opened at more than 1 and continues to improve thereafter. If consensus reached then GST will be a sentimental booster for market. Now 7950 is next resistance for NIFTY, if it will overcome then 8000 is a psychological barrier.
Except Nifty FMCG Index, all other sectoral Indexes are trading in green leading by Bank Nifty & Nifty FIN service Index, and Nifty METAL Index which are trading at 1% higher. Bosch is showing some strength today. After yesterday's DOJI candle on Daily chart, it opened in upward gape and trading in Green. SunPharma is hovering around yesterday's close. DRREDDY is also trading at minor loss. With Banking stocks and logistic stocks are at main focus, movement in Pharma stocks likely to remain in sideline. Yesterday. there was news flow that WELSPUN CORP received huge order from US and stock is trading at 108 - 10% up. Aviation stocks - INDIGO is trading flat whereas spicejet is 1% down mainly on account of profit booking.
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.
No comments:
Post a Comment