Dear Readers,
It was a good day for the Indian market which, pushed by strong European cues, gave a new 30-month high closing for the Nifty, the first time since February 2008. The opening was flat and trading was quiet for most part of the day but a late rally led to a good close. Gainers in trade today were FMCG, auto, metal and financials while realty saw a bit of profit taking.
Sensex shut shop at 18113, up 135 points and Nifty at 5441, up 42 points from the previous close. CNX Midcap index was up 0.2% and BSE Smallcap index was up 0.3%. The market breadth was positive with advances at 677 against declines of 597 on the NSE.
Top Nifty gainers were Cairn India, GAIL and Mahindra & Mahindra while losers included Kotak Mahindra Bank, ACC and BPCL.
Stock To Buy:
Buy Amtek Auto Ltd above 196 tgt 198-202 sl 194
Stock To Watch:
Buy Bharti Airtel Ltd above 302.50 tgt 305.50-309 sl 298.50
Nifty:
Support1 = 5395
Support2 = 5343
Support3 = 5311
Resistance1 = 5479
Resistance2 = 5511
Resistance3 = 5563
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