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Nifty, Sensex Reach All-time Highs On HDFC Bank, Reliance Industries' Gains
Thanks to the gains in index heavy weights - HDFC Bank and Reliance Industries - the Nifty50 and Sensex shrugged off the weak global market trend to achieve yet another milestone and ended at their highest - ever levels on Monday.
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Dear Trader…
The Nifty future surged about 123 points or 0.62% to end at 19721 points and Sensex rallied more than 529 points or 0.80% to settle at 66590. During the day, both indices touched their respective lifetime highs of 19739 points and 66656 points.
FII and FPIs, on Monday saw a net purchase of Rs 73.00 crore in the cash segment. A total of Rs 8213.36 crore was sold against a total purchase of Rs 8286.36 crore. Domestic institutional investors saw a net purchase of Rs 64.34 crore in the cash segment. A total of Rs 7118.53 crore was sold against a total purchase of Rs 7182.87 crore.
Technically, the important key resistances are placed in July Nifty future are at 19721 levels, which could offer for the market on the higher side. Sustainability above this zone would signal opens the door for a directional up move with immediate resistances seen at 19808 - 19880 levels. Immediate support is placed at 19676 - 19606 levels.
Ø Trading Idea for the derivative stocks….
- ACC LTD @ 1814 Positive Trend with Stop loss of Rs @ 1773 for the Target near @ Rs 1833 - 1840 in short term…..!!!
- TATA COMM. @ 1610 Positive Trend with Stop loss of Rs @ 1573 for the Target near @ Rs 1633 – 1640 in short term…..!!!
- INDUSIND BANK @ 1402 Positive Trendwith Stop loss of Rs @ 1370 for the Target near @ Rs 1419 - 1430 in short term…..!!!
- SBI LIFE @ 1317 Positive Trend with Stop loss of Rs @ 1290 for the Target near @ Rs 1333 – 1340 in short term…..!!!
- SUN PHARMA @ 1079 Positive Trend with Stop loss of Rs @ 1063 for the Target near @ Rs 1094 - 1108 in short term...!!
- GRASIM IND. @ 1796 Negative Trend with Stop loss of Rs @ 1830 for the Target near @ Rs 1780 - 1765 in short term...!!!
- GODREJ PROP. @ 1623 Negative Trend with Stop loss of Rs @ 1660 for the Target near @ Rs 1606 - 1588 in short term...!!!
- HCL TECH. @ 1145 Negative Trend with Stop loss of Rs @ 1170 for the Target near @ Rs 1127 - 1108 in short term…!!!
- CIPLA LTD @ 1023 Negative Trend with Stop loss of Rs @ 1060 for the Target near @ Rs 1008 - 996 in short term...!!!
- AXIS BANK @ 967 Negative Trend with Stop loss of Rs @ 994 for the Target near @ Rs 955 - 940 in short term...!!
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