NIFTY OUTLOOK FOR 23rd & REVIEW
SCRIP SPECIFIC MOVEMENT...
Dr.Bhuvanagiri Amaranatha Sastry
Astro Technical Analyst
Saketha Consultants, Hyderabad
Review for Tuesday :: Narrow Movement… !!!
Market traded in a narrow range and closed flat for the day. 30 of Nifty stocks closed in the red and broader market too was marginally negative with with Advance Decline ratio at 1:1.05. Energy, Infra, Pharma, Auto indices gained while Media, PSU Bank, Metal, IT indices declined. HDFC Bank, L&T, Reliance contributed more than 15 points to Nifty’s gain while ITC, Infy, SBI dragged down by about 15 points..
BPCL, Lupin, GAIL, HDFC Bank, L&T stood out as major gainers among Nifty stocks while SSLT, Wipro, PNB, Jindal Steel, remained losers.
Unitech, BPCL, M&M Finance, IOC, remained major gainers among F&O stocks while MRF, Apollo Tyres, SSLT, Union Bank declined among F&O stocks.