The STOCK-O-METER is back:
STOCKS Performance Monitor:
Today Market Action Review:
The
markets are in Range bound without giving clear signal of direction move but
the prime counters made a decisive move when the results are good. The pharma
counters like SunPharma, RanBaxy, cipla and auro gave 3-6% gain where as other
pharma counters gave negative returns.
As
suggested, both the SBI and ICICI opened and stayed above he resistance, so
made decent up move as it was happened yesterday in YESBANK.
The
real estate stocks saw some recovery especially the INFRA ones, the NCC, IRB,
HCC gave more than 5% returns, the telecom stocks continued to be under
pressure, Justdial, Bharti, RCOM
LUPIN,
BEML, BIOCON, ARVIND SUN, GE SHIP lost bulls favourate support for now.
Today Morning SUGGESTED:
Technically, Nifty
has to trade above 8035, B-Nifty has to trade above 16480 for all good reasons.
Today Nifty resistance at 8014-18, support at 7952-48 and 7936-39
NIFTY High/Low- 8037.8/7995.05; B-Nifty- High/Low- 16702/16607;
Reliance- High/Low- 942/926.1, ONGC-High/Low- 397.75/388.65:
SBI - High/Low- 2664.30/2606; ICICI BANK- High/Low- 1607.8/1580.0
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