Synopsis
Ruchit Jain, Senior Analyst - Technical and Derivatives at Angel Broking said, One should prefer to trade with the trend now until any negative signs are seen and look for opportunities that could continue to outperform. The near-term trading range could be wide given the recent volatility, wherein the supports are now placed around 14,140 and 14,000, whereas resistance could be seen around 14,500.”
Higher government spending in infrastructure and increased FDI limit in insurance improved the overall outlook of these sectors,” said Vinod Nair, Head of Research at Geojit Financial Services.
NEW DELHI: Nifty made a strong rebound on Monday in line with strong global cues and a no-harm budget. The 50-pack index formed a long bullish candle and recovered half the losses it sustained in the past six sessions.
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NEW DELHI: Around 5 stocks fell to touch their 52-week lows on NSE in Thursday s session. Among the stocks that touched their 52-week lows on NSE were: Dangee Dums, Fairchem Organics, Jump Networks, Valiant Organics and Vishal Fabrics. Domestic benchmark index NSE Nifty was trading 95.60 points down at 13871.9, while the BSE Sensex was trading 340.29 points down at 47069.64. On the other hand, Havells India, Suzlon Energy and ABB India stocks hit their fresh 52-week high today.
In the Nifty 50 index, Axis Bank, BPCL, ONGC, Eicher Motors and GAIL were among the top gainers on the NSE. However, Kotak Bank, HDFC Bank, Tech Mahindra, Hindustan Unilever and Wipro were among the top losers.