A divergent trend for various index constituents resulted in a flat closing for the Nifty index and small losses for the Sensex. The Sensex lost 38.96 points or 0.15% to settle at 26,265.24. The Nifty shed 1.15 points or 0.01% to settle at 7,954.30. The Sensex and Nifty, both, hit their lowest closing level in more than five weeks. The two market witnessed intraday volatility.
Outcome of Bihar assembly elections, macroeconomic data, final batch of Q2 results of India Inc., trend in global markets, flows from foreign portfolio investors (FPIs), the movement of rupee against the dollar and crude oil price movement will dictate trend on the bourses.
Stock Futures Tips For Monday: Weekly Updates
Sell VEDL Future below 92.5, Targets 91-89.5-88, Stop loss at 95.5
Buy Coal India futures above 345, Targets 350-355-360, Stop loss at 335
Sell Sun Pharma Future below 804, Targets 794-784-774, Stop loss at 824
Buy LIC Housing Finance Future above 473, Target 478.5-484-489.5, Stop loss at 462