According to Way2Wealth, markets are expected to open on flat to positive note and on higher side will continue to see stiff resistance around 8800-8840 levels.
Indian bourses continued to trade with positive biasness last week and rallied by more than 2 percent on weekly basis. From lower levels short covering coupled with fresh buying was seen in capital goods, PSU bank, realty, metals and Oil marketing sector that helped nifty to close above 8750 levels.
In Friday's session all the major indices closed on flat note whereas OI reduced by almost 1.5 percent. Fresh buying activity was seen in infra, power and capital goods sector. Major long positions were added in stocks like Voltas, Tata Global, GMR Infra, HDIL, recltd and Godrej Ind. Short unwinding pressure was seen in PSU banks, metal and textile sector. Stocks like SBI, Sesa Sterlite, RComm, Oriental Bank, SAIL and Reliance Infra saw short covering from lower levels.
Short accumulation was seen in stocks like Lupin, Federal Bank, Shriram Transport, Just Dial, Hero Motocorp and Jindal Steel.
This week markets are expected to open on flat to positive note and on higher side will continue to see stiff resistance around 8800-8840 levels. Overall, markets are expected to trade in broad range of 8650-8850 level for some time before giving any fresh breakout on either side.
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any
investment decisions.
To read the full report click here
Anda sedang membaca artikel tentang
Market may open on flat to positive note: Way2Wealth
Dengan url
https://segarsaries.blogspot.com/2015/04/market-may-open-on-flat-to-positive.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Market may open on flat to positive note: Way2Wealth
namun jangan lupa untuk meletakkan link
Market may open on flat to positive note: Way2Wealth
sebagai sumbernya
0 komentar:
Posting Komentar