Markets consolidating gains
Markets continued to trade on a strong note in the noon deals on back of buying visible across the sectors. The Sensex has gained 187 points or 1% at 17,694 and the Nifty is trading higher by 56 points at 5314.
According to Ranak Merchant, Technical Analyst with Sushil Financial Services, February lows still remain an important support point. Only if we manage to hold the same, we can expect a consolidation to unfold and the next move thereafter. From current levels 5350-5370 would act as the first resistance point.”
On the Sensex 24 stocks were advancing while 6 were declining. Hindalco is the top gainer among the Sensex stocks, up 2.5% at Rs 172. TCS, is trading at Rs 1093, up 2.2%. Hero Honda, Reliance Industries, HDFC, Bharti Airtel, ONGC, Reliance Communication and HDFC Bank were also trading higher by 1.6-2.2% each.
On the other hand J P Associates, Wipro, BHEL, Cipla, DLF and Tata Power were the notable gainers on the Sensex. For more visit: Business-Standard
Similar Posts:
Latest Query
- by Sam
Market Stats
Search Our Archives
Research Desk
- Stocks Trading above their 50 day moving average - DMA In Stock Research
- Download free Ebooks based on Technical Analysis In Personal Training
- TOP 100 Stocks with the Highest P/E as on July 14th, 2013 In Stock Research
- TOP 100 Stocks with the Lowest P/E as on July 14th, 2013 In Stock Research
- Charting Pathsala - Your guide to Techincals In Technical Analysis
