A
divergent trend for index constituents caused modest losses for key benchmark
indices. While metal and PSU bank stocks rose, shares of telecom companies and
oil exploration and production (E&P) firms dropped. Benchmark indices
witnessed high intraday volatility. The barometer index, the S&P BSE
Sensex, provisionally settled above the psychological 28,000 level, having
alternately moved above and below that mark intraday trade. Earlier, the Sensex
had fallen below the psychological 28,000 level amid high volatility in
mid-morning trade. The market breadth indicating the overall health of the
market was positive. The Sensex was provisionally off 96.54 points or 0.34% at
28,090.52. The BSE Mid-Cap index was provisionally up 1.11%, outperforming the
Sensex.
STOCKS TO WATCH
SBIN:
Buy SBIN above 282 stock may show 300-310
level in coming days, below 282 major support will be 274.
ICICIBANK:
Buy ICICIBANK above 299 stock may show 325/335
level, remain below 299 more down side is expected.
UNIONBANK:
Buy UNIONBANK above 196 for the target of
208/214 in coming days, keep buy on dips.
No comments:
Post a Comment