During through out trading session on 23.11.2015-Nifty remained in tight trading range of 7825 to 7875. Advance -Decline Ratio is positive and India VIX remained in Green throughout session and closed in Green. Volume is ok. Together all these, indicates "neutral view" Metal stocks were down in today trade. Some mid-cap IT software stocks were in lime light. Wednesday will be holiday on account of GURU NANAK JAYANTI and Thursday will be Expiry day for November contract on NSE. Some decision on BOND Rate is pending at FOMC level. INDIGO stock has first time seen some profit booking after listing. Today it was down by 5% and closed below 1050 level. Whereas, Spicejet was up by 6% and closed above 65 level. TCS and Infy were up in morning trade but gave up that gains in afternoon session. In fact TCS closed within 0-2% vicinity of its 52 week low. IT index closed flat. SunPharma was worst performing amongst Nifty Pharma Index. Looks likes it is heading towards 680.
Disclaimer : Writer may have own position in market and may have discussed similar things with friends in group. Before acting on the information here, please consult your financial adviser.
Disclaimer : Writer may have own position in market and may have discussed similar things with friends in group. Before acting on the information here, please consult your financial adviser.
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