Business

Nifty had slipped below 9300 marks after 2 pm today and then dragged the index by BankNifty

Nifty had slipped below 9300 marks after 2 pm today and then dragged the index by BankNifty. Nifty had made an intraday low of 9219.95 before trading at 9240. Major gainers stand as Auto & Media while NiftyBank & NBFC stand as major losers.Among the Nifty100 stocks, IDEA, HeroMotoCo, Infratel, Bajaj

P
Premkumar Ramachandran
·1 min read
Nifty had slipped below 9300 marks after 2 pm today and then dragged the index by BankNifty
Nifty had slipped below 9300 marks after 2 pm today and then dragged the index by BankNifty
Advertisement

Nifty had slipped below 9300 marks after 2 pm today and then dragged the index by BankNifty. Nifty had made an intraday low of 9219.95 before trading at 9240. Major gainers stand as Auto & Media while NiftyBank & NBFC stand as major losers.

Among the Nifty100 stocks, IDEA, HeroMotoCo, Infratel, Bajaj-Auto & TataMotors stand as top gainers while ICICIBank, BPCL, HDFCAMC, DrReddy & HDFCAMC are top losers.

If Nifty manages to trade & close above 9280 we may see positive movements to take Nifty till 9348, 9286 & 9424, and If Nifty closes below 9218, then we may have a further weakness to take it down till 9178, 9144 & 9101. A swinging market like today's 1st half is what we will get if Nifty closes between 9218-9280.

Advertisement

The government had announced that there would not be any increase in Rent for SEZ units for this FY, PM will have his meet with all CMs till late evening, Wockhardt Pharma had come out with its numbers and Net Profit is at 483Mn, the company is expected to raise of 15bn. Stay tuned for detailed information post-market hours with tomorrow's view on Markets.

Advertisement

Share

Follow NewsBricks on Google News

Stay updated with the latest stories delivered to your feed

P

Written by

Premkumar Ramachandran

Premkumar Ramachandran, B.Sc (Maths) Graduate and M.B.A (Finance & Mrktg) by Qualification. Associated with the Financial markets since 1997 and with Equity Broking since 2001 with various Institutions (HDFC, Kotak, ICICI) under various capacities and Exited as Head-Product of Equity and Distribution (Alternate Channels) before starting off this service in 2016. The strong background in Finance with passion to do research on various methodologies has been one of his biggest strengths. Over a period of time, he had developed a trading system using proprietary algorithms for Day and Swing trading along with Order Flow and Market profile system.

View all articles
Loading comments...