Sensex, Nifty open flat; HUL, Maruti, Bharti early laggards
Cipla, BHEL, Sun Pharma, Tata Motors and NTPC are top gainers while HUL,
Maruti, Bharti, ITC and Hero are losers in the Sensex.
Bank Nifty Technical Overview:
Bank Nifty futures opened with flat note and witnessed
consolidated movement for most part of the day but closed with positive note by
end of the day. It closed near 200 days EMA in 15 min chart. If it sustain
above 14350 and break 14420 then upside movement is expected.
Nifty Technical Overview:
Nifty futures opened with flat note and witnessed
consolidated movement for most part of the day but closed with positive note by
end of the day. It closed above the 200 days EMA in 15 min chart and sustained
above it so it is expected to go upside in upcoming session.
For More Nifty Trading Tips Visit to us at:
INDIAN MARKET OVERVIEW
It was a consolidation session for the market on Friday but
the week was strong as equity benchmarks saw biggest weekly gains in 2016 on
short covering and globally rally & oil recovery. Nifty future up 21 points
at 7212.
The 30-share BSE Sensex up by 59 points at 23709. The market
breadth was strong as about 1271 shares advanced against 1234 declining shares
on the BSE.
Tata Steel is planning to undergo a massive consolidation
and debt reduction drive to bring it down by 10-15 percent by CY16-end. The
company is currently sitting on a debt of Rs 77500 crore.
In aviation, SpiceJet surged 4 percent after it recorded
highest passenger load factor (92.1 percent for January) among all airlines in
India.
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