• Ajai Kamath posted an update 7 years, 7 months ago

    Today (14-Oct-2016) NIFTY was flat along synchronous to global market as uncertainty around global cues extend and market sentiments are awaiting for good news. NIFTY has currently settled above 8550 strong support level and today NIFTY has seen a consolidation which is more likely repeated on Monday within resistance level of 8660. Today top performer is TCS & RELIANCE with delivery counter and good volume, where as other gainers are GAIL, TATAMOTORS & LT. Today’s poor performer is lead by INFY & HDFC with delivery counter and volume. Interestingly despite of INFY being top loser and it has gained 100% volume, the stock has fluctuated high and 52 week low in a single session, followed by a steady gain suggesting that this stock has good scope in upcoming day to rally. Note that since there is a fear factor on BREXIT and US ELECTIONS IT stocks are infamous for trading. INFY and TCS can be traded with care and can give instant profit based on current technical view.

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