3 November 2017
Market to open in green; Buy around 10420-30: Benchmark index Nifty 50 ended marginally lower by 0.16% at 10424 levels due to the poor quarterly earnings from the index constituents, Hero MotoCorp and Tech Mahindra as investors turned cautious and took profits off the table.
The index before closing 0.16 percent down at 10,423, the Nifty50 hit a fresh record high of 10,453 during the intraday trade. However, solid gains in select pharma stocks helped the benchmark indices end the day on a flat note.
Technically, the overall sentiment remains positive in the short run unless 10260 is taken down from upside and any significant dips towards the same can be used to buy the index with a small stop loss below it. Similarly, a strong breakout and sustenance above 10450 levels may propel the index towards 10600 levels.
Market to open in green; Buy around 10420-30: Benchmark index Nifty 50 ended marginally lower by 0.16% at 10424 levels due to the poor quarterly earnings from the index constituents, Hero MotoCorp and Tech Mahindra as investors turned cautious and took profits off the table.
The index before closing 0.16 percent down at 10,423, the Nifty50 hit a fresh record high of 10,453 during the intraday trade. However, solid gains in select pharma stocks helped the benchmark indices end the day on a flat note.
Technically, the overall sentiment remains positive in the short run unless 10260 is taken down from upside and any significant dips towards the same can be used to buy the index with a small stop loss below it. Similarly, a strong breakout and sustenance above 10450 levels may propel the index towards 10600 levels.
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