After a lot of struggles, Indian Equity Market ended flat with negative points. after reports suggested that some US Federal Reserve officials are in favor of a rate hike soon while gains in State Bank of India capped further downside. The Sensex ended up at 28,077 with the loss of 46 points and the Nifty ended up at 8,667 with the loss of 6 points. In the BSE Sectors, the BSE Midcap and Small cap indices ended up with the respective hike of 0.45% and 0.52%. Market breadth closed up with the 1471 advances and 1238 declines on the BSE. Meanwhile, the Bank Nifty closed at 19414.70 which is the top of last 17 months. European stocks haven’t shown bigger movements and ended up lower today. The CAC-40, DAX and FTSE were down 0.2%-0.7% each
Today’s Top NSE Gainers – Bank of Baroda, SBI, Hindalco, Ambuja Cements, Aurobindo Pharm, Tata Power, UltraTech Cement, Tata Steel, BHEL and Yes Bank.
Today’s Top NSE Losers – Eicher Motors, Bharti Infratel, Coal India, TCS, Wipro, Adani Ports, Lupin, Axis Bank, Kotak Mahindra and Sun Pharma.
Nifty Trend For Tomorrow Monday : 22nd August
RESISTANCE: 8700, 8750
SUPPORT: 8640, 8590
APPROACH: BUY ON DIP
Stocks To Buy Tomorrow Monday : 22nd August
BUY PRAKASH ABOVE 49 TARGET 49.50, 50, 50.50 STOPLOSS 48
BUY BFINVEST ABOVE 169.50 TARGET 171.10, 172.70, 174.30 STOPLOSS 166.30
SELL STOREONE BELOW 151 TARGET 149.50, 148, 146.50 STOPLOSS 154