Indian Stock Market Report 21st October, 2013

Posted on by Leave a comment

Today, Nifty traded sideways for most part of the day and closed flat with gain of 0.25%.

Media, Infra and Metal stocks were able to get buying. On the other hand, FMCG and IT stocks went down for the day, these two sectoral indices put their weight to limit the upside for Nifty.

Major Gainers today: Adani Enterprises, Federal Bank, Asian Paints

Major Losers today: Jindal Steel & Power, Petronet, Tata Global

We reiterate our opinion (which was given around 5980 spot level in Nifty) that the Target for long NIFTY trade should be around 6260 spot level. The bias remains positive.

tagged with , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

Gravatar
WordPress.com Logo

You are commenting using your WordPress.com account. ( Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. ( Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. ( Log Out /  Change )

Cancel

Connecting to %s