Top ten data points to spot profitable trade.
The increasing adoption of LEDs by the original manufacturers would offer great opportunities for Lumax as LEDs require technical expertise and Lumax gets desired support from Stanley.
Fresh Put writing was seen at 10,200, 10,250 and 10,300 strikes while Call writing was seen at 10,200 to 10,400 strikes.
News reports suggest projects of about 4500 MW could be awarded over the next four months, which is quite significant given market estimates of mere 1500 MW addition this year.
The Nifty witnessed wild swings in a 40 point range to end with a 4 point gain at 10,234.50. The Sensex ended 25 points in the red at 32,609.16.
A quick check on what moved the markets today.
It would be difficult for to market to make new highs every day without a good reason, UR Bhat of Dalton Capital.
Sharmila Joshi of sharmilajoshi.com feels that Axis Bank may move to Rs 540.
Sharmila Joshi of sharmilajoshi.com is of the view that one may buy Wipro on dips.
Sharmila Joshi of sharmilajoshi.com is of the view that one may hold India Cements.
Sandeep Wagle of powermywealth.com is of the view that one may exit Axis Bank.
Sharmila Joshi of sharmilajoshi.com is of the view that one may invest in ACC.
According to Sandeep Wagle of powermywealth.com, one may stay invested in Wipro.
Sandeep Wagle of powermywealth.com is of the view that one may hold India Cements.
Watch the interview of SP Tulsian of sptulsian.com with CNBC-TV18’s Latha Venkatesh and Surabhi Upadhyay, where he shared his readings and outlook on the market and specific stocks and sectors.
Sandeep Wagle of powermywealth.com advises buying National Aluminium Company and Power Finance Corporation.
Mitessh Thakkar of miteshthacker.com recommends buying Aurobindo Pharma and BPCL.
Ashwani Gujral of ashwanigujral.com suggests buying Idea Cellular, Tata Chemicals and Reliance Capital.
Ashwani Gujral of ashwanigujral.com recommends buying Reliance Industries, Petronet LNG and Adani Transmission.
Prakash Gaba of prakashgaba.com likes Castrol India and feels that LIC Housing Finance is likely to hit Rs 687.
Ashwani Gujral of ashwanigujral.com advises buying Indiabulls Housing Finance, LIC Housing Finance and Johnson Controls -Hitachi Air Conditioning India.
Gaurav Bissa of LKP Securities recommends buying Aurobindo Pharma, Ashok Leyland and Century Textiles and Industries.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy ACC and Hexaware Technologies and can sell Interglobe Aviation.
Bharat petroleum Corporation and Indiabulls Housing Finance which added over 2 percent each on the Nifty while a total of 142 stocks hit 52-week high in today's trade on the BSE Index.
Ashwani Gujral of ashwanigujral.com suggests buying NBCC, BASF and Britannia Industries.