RUN TOWARDS ALL TIME HIGH
Nifty gained further to close above 6400, all time high close and set to
cross intra day high also to catch up with Sensex. Stop loss for Nifty long
positions may be trailed to 6275. Nifty spot is expected to encounter
resistance at 6440, 6475 and find support at 6360, 6325, for Friday. While
Global cues and Funds flow
are expected to broadly guide the market movement, based on the present
market position , market can be expected to be generally better in the forenoon
and could encounter profit booking towards close.
Nifty 6401
+72
Review for Thursday ::
Sensex Hits All time HIGH
.... !!
Market opened better and rallied further to closed with a
gain of more than 1% and in the process Sensex hits all time high to record
21525. Lower Current Account Deficit (CAD) improved the sentiment, Barring
Pharma index, all other indices ended higher led by Realty, Metal, Energy,
Infra, Bank Nifty, Auto. 41 of Nifty stocks gained and broader market too was
positive with Advance Decline ratio at 1.8 : 1. JP Associates, DLF, BPCL,
Hindalco, BHEL, stood out as major gainers while Cipla, Wipro, Lupin, Tata
Motors, Sun Pharma remained losers among Nifty stocks.
Reliance Infra, JP Asociates, HDIL, DLF, M&M Finance remained major gainers among F&O stocks
while GMR Infra, GSK Consumer, Apollo Hospital, Aditya Birla and Cipla remained losers among F&O stocks.
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