NIFTY OUTLOOK FOR 10 & REVIEW

BUDGET HOLDS KEY
Nifty closed below 7600 mark and closes below 20DMA. Budget proposals hold the key for Thursday’s market.    While Global cues, Quarterly results   and  Funds flow  are expected to broadly guide the market movement, based on the present market position, market can be expected to witness zigzag movements with huge movements on either / both sides.

Nifty                               7585     -38

Review for Wednesday, 09th July , 2014 ::  Bearish Bias Continues … !!!

After the big Down day of Tuesday, market closed with a half percent cut on Wednesday as bearish bias continues. 32 of Nifty stocks end in the red and broader market too was negative with Advance Decline ratio at 1:4. Barring FMCG and Energy which closed in the positive, all other sectoral indices ended in the negative territory led by Auto, Realty, Infra and IT. TCS, Tata Motors, Infy and L&T dragged down Nifty by about 20 points while ITC and ONGC contained the loss by about 15 points.
 
ONGC, BPCL, IDFC, ITC     remained gainers   among Nifty stocks while Jindal Steel, Tata Motors, Tata Power, Coal India  remained major  losers.
  
Hind Petro, IOC, Hind Zinc, Adani Ports, Titan  remained  gainers  among F&O stocks while Apollo Tyres, Aurobindo, Ashok Leyland, Crompton Greaves, IDBI  declined among F&O stocks.

Comments

Popular posts from this blog

JIO TARIFF CICK FOR TELECOM STOCKS

STOCK MARKET WELCOME NEW YEAR WITH LOSS

NIFTY EARNINGS FLAT IN 2018