Traders are advised to stay long and a stop can be placed below recent low of 9,341.
Intense buying boosts Street, with Sensex ending over 440 points higher, while the Nifty gains nearly 150 points. Bank Nifty and midcaps gain on expiry day, pushing the indices higher.
The Sensex was up 448.39 points at 30750.03, while the Nifty ended 140.95 points higher at 9501.50.
According to Dynamic Levels, Nifty to open gap up by 42 points at 9,406 against yesterday's close of 9364 as per SGX Nifty.
Bharat Financial Inclusion, Lupin, and Dish TV, among others are on the radar of analysts today.
Trading of SGX Nifty futures on the Singapore stock exchange indicates that the Nifty could gain 32 points at the opening bell, says Maximus Securities.
Nifty is likely to open flat to positive on the back of mixed global cues. Buy Nifty in the range of 9345-9355 for targets of 9405-9425, stop loss: 9325, says ICICIdirect.
Nifty to witness bounce back amidst volatility during the day’s trading session under positive astrological influence for the day, says Indrodeep Banerjee of InstituteofFinancialAstrology.com.
From opening to 9.45 am, Nifty may go down. Between 9.45 am to 12.45 pm, a WV-shaped graph is foreseen. Hence, decide accordingly, says Ganesha.
F&O Cues: Nifty 9350 Call added 11.9 lakh shares in Open Interest and Nifty 9400 Put shed 11.1 lakh shares in OI.
Acccording to Prakash Gaba of prakashgaba.com, crucial support for the Nifty is at 9325-9280 and the resistance is at 9400-9450.
Prakash Gaba of prakashgaba.com is of the view that Nifty has support at 9300-9280 and resistance at 9400 while Bank Nifty has support at 22400 and resistance at 22700.
Raymond, Sterlite Tech, Apollo Tyres, Reliance Infrastructure, and Astra Microwave, among others, are some stocks where FIIs have raised their shareholding in last 4 quarters
A look at top cues from the domestic and international markets that could have a bearing on the D-Street on Thursday
Here are top 10 data points to help you spot profitable trade.
Volatile session for D-street today as reports surface of Pakistan’s fighter jets flying near Siachen area. Midcaps continue corrective phase, dragging the indices lower.
However, the bond recovered from its day’s lows following a clarification by the firm.
The company lost around 13 percent intraday as investors turned wary of a delay in its merger with HDFC Life.
A weak Trump offers positives for a range of Indian sectors and any fall in Indian benchmarks offers re-entry opportunities.
The period from 9.15 am to 10.00 am may be very risky, as a very confusing pattern is foreseen and it may take some time to stabilise, says Ganesha.
Nifty to open gap up by 22 points at 9410.50 against yesterdays close of 9388.45 as per SGX Nifty, says Dynamic Levels.
Tata Group stocks, Tata Motors and Tata Motors DVR gained the most, while BHEL, Bank of Baroda, L&T and Bharti Infratel lost the most.
Trading of SGX Nifty futures on the Singapore stock exchange indicates that the Nifty could gain 17.50 points at the opening bell, says Maximus Securities.
Nifty is likely to open flat on the back of mixed global cues. Sell Nifty in the range of 9440-9450 for targets of 9390-9370, stop loss: 9470, says ICICIdirect.
Tata Motors and Jindal Steel & Power are being tracked by analysts today after they declared their results on Tuesday.