As we have discussed yesterday whenever nifty gets into highs profit booking was kicked in.
Today we have seen nifty closing in green above 15,800. So if it sustains above 15,800 and crossed 15,915 we could see a sustainable move.
Nifty has been testing these levels many times so I am personally expecting nifty to sustain this time and to cross 16,000.
Bank nifty and finance sectors were supporting nifty to stay bullish. Even though IT sector which is closed again in red, showing some bullishness towards the end. Watch out for a reversal in IT stocks.
Currently, European markets are trading flat, watch for SGX to determine the opening move. After a series of profit booking Nasdaq index hits a record high on Tuesday.
Stocks in News
Textile stocks: Sources say cabinet may approve Relief Package to apparel exporters.
NTPC: Company Unit to Set Up 4,750 MW renewable Energy Park In Khavada, Gujrat.
Maharashtra govt issues EV policy, Aims to make 10 % new vehicle registration under Electric. Also targets to have around 1,500 charging stations in Mumbai itself by 2025 along with converting 15% of MSRTC buses to electric. Tata Power, Greaves Cotton, JBM auto & Other EV Stocks in focus.
Hotel & Restaurant : Hotel and Restaurant Association of Western India (HRAWI) writes to Maha Govt urging for revision in restaurant timings
NBCC: Company Secured Rs 206 cr order in June month.
HDFC Bank plans to raise funds via Foreign currency debt, proposal to be made on July 17.
Zomato raises 4197 Cr at 76 via anchor investors.
Major Corporate Results on 14.07.2021
- Infosys
- 5paisa Capital
- Dodla Dairy
- Craftsman Automation
- Tinplate
FII & DII Data;
- FII; 113.83Cr
- DII; 344.19Cr
