Technicaltrendz:The market opened on a positive note owing to positive cues from the Asian markets. The index pared gains in intra-day trades as weakness in Reliance and selective profit taking weighed on the market.Among the sectoral indices, IT index advanced 1.76% and auto index moved up 1.17%. On the other hand, oil & gas index plunged 3.28%, followed by realty which shed 1.41% on the BSE.
BEAR:Reliance came to our rescue,reliance slumped nearly 5% today after its subsidiary firm sold 10.5 million equity shares in a block deal. The stock touched a low of Rs 2,070 and finally ended with a loss of 4.5% at Rs 2,086. The counter witnessed a volume of 12.94 million shares as against its two week daily average trade of 949,282 shares on the BSE.
BULL:No big concerns,these type of profit booking happened before also
TT: Tomorrows Tips
BULLS: we like MRPL,BHARATFORGE,MOSERBEAR in declines
BEARS: we sells ABB,ONGC at highs and bearish in CIPLA
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