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Today, Nifty opened positive and closed with marginal gain of 0.18% for the day. After a positive start, the markets were unable to hold gains for the day as the profit booking followed later. Buying flowed into IT and Auto stocks while Real-estate, Metal and Media stocks saw considerable selling pressure. Major gainers for the day were: HCL Tech, Tata
Read moreBefore a week, we indicated a cause of concerns for those holding long positions. The mentioned support (last week) of 19400 has held with today’s low of the day is 19416.94 level. Again, we repeat the current consolidation phase has stopped some of the major buyers to stay away from markets. Any bounce of 2% in main equity indices should
Read moreToday, Nifty opened positive and closed with marginal loss of 0.10% for the day. Majority of trading day was in range-bound movements. Selling was seen in Infra, IT and Metal stocks while buying came to Pharma and Banking stocks. Major gainers for the day were: Cipla, Axis Bank, Tata Motors, Dr Reddy’s, Hindustan Uniliver and Hindalco. Major losers for the
Read moreNifty hasn’t been able to sustain above 6000 spot levels which should be a cause of concern for those holding long positions. Overall, the uptrend has softened a bit which has not been truly dominated by short sellers till now. The phase of consolidation has kept some of the major buyers away from buying in around 6050-6100 spot range –
Read moreThe Indian equity markets started off on a positive note today but closed negatively for the day. Buying was seen in Auto, Media and Finance stocks while sellers were dominant in Banking, Pharma, Power and Infra stocks. Major gainers for the day were: HDFC, Tata Motors, Ultratech, Asian Paint, DLF and Hindustan Uniliver. Major losers for the day were: Bank
Read moreNifty closed above 6000 spot levels – very first time since last 2 years’ time. After a positive start, the market saw some buying interest with regular profit booking. Buying was seen majorly in Power, IT and Real-estate stocks while Auto, Banking and FMCG stocks were down for the day. Major gainers for the day were: Cairn, Bharti Airtel, Dr
Read moreHappy New Year to you & family. The year 2012 was full of exciting events, on the other hand there were some lessons to be learnt during the year. The Indian equity market (Nifty) gained 27.7% in 2012. Some good amount of buying was seen in Banking, Media, FMCG and Auto stocks during the year while IT stocks were down
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Dhaval P Vyas Investment Research 