Nifty Performance:
It was outperformance for nifty for the course of week, breakdown in
investor’s sentiment and a gap of Nifty had been filled by the last week
of June 2016. We can see a good uptrend on daily frame of Nifty with a
rough move 300 in upside had been covered after the BRexit. And we ended
up positive in domestic market.
For the course of day we found break in the Resistance falling at handle of 8310, for today and for week it was the buyer’s market. A new range on the upside had been opened today and we found Nifty footprints at the high of 8 months this had given a new confidence into the investors as well to FIIs and DII. Now it’s the time that we can edge for 8500 grip.
Putting an eye on Bank Nifty, a Gap Up opening was seen on chart by a positive up trend with a good volume. This was a consistence volume which is a good sign for banking stocks, The seventh pay 3GST would come in the mid monsoon, around 18th July to give a short relieve.
Talking about the quarter the manufacturing activity of India edged up to three months high by the strong demand, an improvement sign was mark in the overseas market by the rise in new foreign order
Coming on the globe we have fig for Purchasing Manager Index from USD at 7:30pm which was 51.3 last time but for today we expect it to be little lower than the previous as we are expecting little contraction into the industries.
Top 5 Stocks for the week
For the course of day we found break in the Resistance falling at handle of 8310, for today and for week it was the buyer’s market. A new range on the upside had been opened today and we found Nifty footprints at the high of 8 months this had given a new confidence into the investors as well to FIIs and DII. Now it’s the time that we can edge for 8500 grip.
Putting an eye on Bank Nifty, a Gap Up opening was seen on chart by a positive up trend with a good volume. This was a consistence volume which is a good sign for banking stocks, The seventh pay 3GST would come in the mid monsoon, around 18th July to give a short relieve.
Talking about the quarter the manufacturing activity of India edged up to three months high by the strong demand, an improvement sign was mark in the overseas market by the rise in new foreign order
Coming on the globe we have fig for Purchasing Manager Index from USD at 7:30pm which was 51.3 last time but for today we expect it to be little lower than the previous as we are expecting little contraction into the industries.
| Nifty Day Performance | |
| Open | 8310 |
| High | 8378 |
| Low | 8310 |
| Close | 8354 |
Top Gainers | |
| ONGC | 225 |
| BHEL | 132 |
| LARSEN | 1542 |
| DR REDDYS | 3484 |
Top Losers | |
| TCS | 2500 |
| KOTAK MAH | 753 |
| ADANI PORTS | 204 |
| COAL INDIA | 301 |
Top 5 Stocks for the week
ONGC 229
|
BHEL 131
|
LT 1543
|
FRREDDY 3482
|
ITC 252
|
No comments:
Post a Comment