Buyers back in the driver seat as NIFTY snaps 10500 for the first time. The 50-share NSE index Nifty rose 0.50% to close at 10493.00 in the last session of the week amid positive global cues. NIFTY hits fresh record high of 10501.10 in today’s trade as investors seemed to have entered into holiday mood ahead of upcoming long Christmas weekend.
European Markets are trading lower today as investors freshly concerned of political sentiment in Spanish region whereas Asian Markets finished higher as an impact of U.S. tax revamps is still in progress.
NIFTY METAL edged down 0.01% to close in red whereas all other NSE sectoral indices ended in green led by NIFTY IT, NIFTY PSU BANK, NIFTY MEDIA as top gainers.
The Top gainer was ONGC gaining 2.87% along with TCS, INFY & HINDALCO as top gainer.
Top Stocks in focus on 26 Dec
RCOM plunged by 9.19% to close at Rs.16.3 in today’s trade with 204% increased volume. Though numerous trades were settled in intraday Technical indicator RSI signals the overbought scenario. Selling pressure is expected for the short term.
MRF surged by 2.76% to settle at Rs.72817.8 with 310% inflated trading volume. Derivative traders were aggressive in exiting short positions and open interest reduced by 7.16% which indicates the bullish trend formation. This stock is currently settled above its recent resistance zone.
IFCI dropped by 5.22% to close at Rs.27.25 in today’s trade with 322% increased volume. Technical indicator RSI indicates the overbought scenario which indicates the weakness for a short term. This stock support zone is seen around Rs.23.
ADANIPOWER surged by 6.17% to close at Rs.38.7 with 234% spike in volume. Though most of the trades are settled intraday, this stock is consistently heading higher levels for 3 days which indicates the positive breakout. This stock is currently settled above the recent resistance zone and the short term support is around Rs.32.
WOCKPHARMA dropped by 2.27% and closed at Rs.873.9. Trading volume hiked by 114 percent on 22 December 2017. Yet most of the trades are intraday in nature. It gives an impression of aggressive selling. The technical indicator RSI indicates overbought scenario.It is steadily heading higher levels for 4 days. This stock is currently settled above the recent resistance zone. We see short-term support around 681.
MINDTREE gained by 4% and finished at Rs. 599.7. Trading volume increased by 85 percent at last trading day. But largely the volumes are settled intraday. It signals bullish breakout. This stock is currently settled above the recent resistance zone. We see short-term support around 522.