Nifty snaps 8-day winning streak

Midcaps, Smallcaps shine

SBI, NTPC, SBI and ICICI Bank plummeted 1-2%. Infosys, Wipro, Bharti, HDFC Bank and TCS were down 0.3-0.9%.

Auto stocks were mixed after their monthly sales numbers. Tata Motors was down 0.5% and Bajaj Auto down 0.3%. However, Hero Honda, Maruti and M&M gained 0.7-1.5%.

ADAG stocks like Reliance Communications, Reliance Capital and Reliance Power rallied 2-5%. BHEL was the leading player, with gaining over 3%.

HDFC was up 1% and ONGC up 0.6%. Hindalco, IDFC, Grasim, Sesa Goa and Jaiprakash Associates surged 2-3%.

In midcap space, HOEC, JSW Holdings, Kingfisher Airlines, Ispat Industries and PTC India jumped 7-11% while Kansai Nerolac, Rajesh Exports, Sanwaria Agro, Jagran Prakashan and Zydus Wellness lost 3-4%.

In smallcap space, Atlanta and Lok Housing shot up 20% each. Delta Corp, Reliance Media and Tinplate were up 13-14%. However, Elantas Beck, Dynamatic Tech, Chromatic India, R M Mohite and Newtime Infra slipped 5-7%.

01st April : Nifty Levels & Hot Stocks

Happy Friday & Week End

NIFTY FUTURE

Today Resistance at 5885 & 5920……….. Support at 5845. Market trend very bullish our ultimate target 6030. Watch on support level if break next support 5770 only. Afternoon selling pressure will expect. Take care…….

GAIL

GAIL now ready for FLY……… Keep eye on 471

level……… if break catch it target 477 480 level…..

Don’t Forget………

 

Nifty volatile ahead of expiry

NIFTY ZIGZAG trading today

SBI and Axis Bank were down more than 2.5%. PNB fell 2%. HDFC Bank, ICICI Bank and Kotak Mahindra Bank slipped 0.5-1%. DLF from realty pack was down nearly 1%.

Bharti Airtel, Reliance Communications, Tata Motors, M&M, Ambuja Cements and Jaiprakash Associates were down 2%.

However, TCS, ONGC, Infosys, NTPC, ITC, L&T, HUL and Hero Honda went up 1.5-2.5%. Reliance Industries, BHEL and Sterlite Industries were up nearly 1%.

In midcap space, Bajaj Corp, Coromandel International, South Indian Bank, WABCO-TVS and KGN Industries gained 5-7% while Himadri Chemical, JM Financial, Motilal Oswal, Jet Airways and United Bank fell 4-5%.

In smallcap space, AP Paper Mills surged 20%. KNR Construction, Lloyd Electric, Gemini Comm and Sterling Holiday rallied 9-13%. However, Smartlink Network tanked 7%. Shree Ram Urban, West Coast Paper, Koutons Retail and Seamec lost 5-7%

SENSEX gains 1300 points in 6 days

NIFTY rallied 49.10 points or 0.86%, to close at 5,736.35, after hitting an intra-day high of 5,770.35

SENSEX went up 177.66 points or 0.94%, to settle at 19,120.8

India’s largest telecom player Bharti Airtel’ shares led the markets from front, with gaining 3.7%. Among others, ONGC, TCS, NTPC, HDFC, Infosys, Sterlite, DLF, Axis Bank, Tata Motors and DLF gained 1-2.5%. Maruti, Sesa Goa, Reliance Communications, Hero Honda, BPCL and Dr Reddy’s Labs surged 3-4%. SBI and L&T went up over 0.5%

In midcap space, Puravankara Projects, Dewan Housing, BASF, Allcargo Global and Himadri Chemical surged 6-10.5% while Shree Global, Den Networks, Prestige Estate, KGN Industries and Mahindra Holiday lost 4-10%.

In smallcap space, Jai Balaji Industries shot up 20% on broker reports. Force Motors, KSB Pumps, TTK Prestige and AP Paper Mills were up 7-9%. However, Accentia Tech plunged 20%. Chromatic India, BS TransComm, Ushdev Intl and OCL Iron fell 6-9%.

Volume has been increased ahead of expiry on Thursday – total traded turnover was more than Rs 1.9 lakh crore, including Rs 1.76 lakh crore from F&O segment.

About 1135 shares advanced as against 1842 shares declined on the National Stock Exchange