Bank of India saw a breakout of downward sloping resistance trendline adjoining highs of December 15 last year and August 18 this year, with strong volumes.
The share price of India Cement has generated a breakout above the last nine months range Rs 205-235 signaling continuation of the up move thus offers fresh entry opportunity.
The August series was marked by the liquidation of long positions by FIIs and a rise in rollovers in short bets to the September series. Analysts, however, say while the bears gained the upper hand as far as the Nifty50 is concerned, bulls were the winners in the broader market
Sectorally, buying was seen in consumer durables, realty, metals, and telecom stocks while selling was seen in oil & gas, utilities, public sector, and FMCG.
BHEL continued to hit fresh multi-year highs and closed 4.7 percent higher at Rs 114.65, forming long bullish candlestick pattern on the daily scale with above average volumes. The stock continued its uptrend for yet another session.