After a stellar rally yesterday, the market has opened strong on Friday. The Nifty has touched 8100 briefly beginning June series . The 50-share index is up 24.25 points or 0.3 percent at 8093.90. The Sensex is up 78.72 points or 0.3 percent at 26445.40. About 504 shares have advanced, 204 shares declined, and 34 shares are unchanged. for more live market updates just visit now www.capitalheight.com or for free trials just give One Missed Call on 83063-08308.
Sun Pharma, Lupin, SBI, Axis Bank and Adani Ports are up while L&T, Bajaj Auto, ICICI Bank, Dr Reddy's Labs and HDFC Bank are losers in the Sensex. The Indian rupee extended gains. The currency has opened at 67.02 a dollar, up 15 paise compared to previous day's closing value of 67.17 a dollar. The USD-INR pair after briefly trading above 67.50 per dollar has moved back into the 66.50-67.50 range tracking global dollar weakness and positive equities.
Sun Pharma, Lupin, SBI, Axis Bank and Adani Ports are up while L&T, Bajaj Auto, ICICI Bank, Dr Reddy's Labs and HDFC Bank are losers in the Sensex. The Indian rupee extended gains. The currency has opened at 67.02 a dollar, up 15 paise compared to previous day's closing value of 67.17 a dollar. The USD-INR pair after briefly trading above 67.50 per dollar has moved back into the 66.50-67.50 range tracking global dollar weakness and positive equities.
NIFTY
Current: 8,069 (futures: 8,082)
Target: NA
Stop-long positions at 8,005. Stop-short positions at 8,165. Big moves could go till 8,200, 7,965. A long 8,200c (83), short 8,300c (51) could gain 10-15 if the index hits 8,200.
BANK NIFTY
Current: 17,359 (fut: 17,305)
Target: NA
Stop-short positions at 17,425. Stop-long positions at 17,225. Big moves could go till 17,000, 17,625. Uptrend may continue.
INFOSYS
Current price: Rs 1,238
Target price: Rs 1,265
Keep a stop at Rs 1,225 and go long. Add to the position between Rs 1,250 and Rs 1,255. Book profits at Rs 1,265.
ASIAN PAINTS
Current price: Rs 992
Target price: Rs 1,005
Keep a stop at Rs 985 and go long. Add to the position between Rs 999 and Rs 1,002. Book profits at Rs 1,005.
BHEL
Current price: Rs 129
Target price: Rs 133
Keep a stop at Rs 127 and go long. Add to the position between Rs 131 and Rs 132. Book profits at Rs 133.
Current: 8,069 (futures: 8,082)
Target: NA
Stop-long positions at 8,005. Stop-short positions at 8,165. Big moves could go till 8,200, 7,965. A long 8,200c (83), short 8,300c (51) could gain 10-15 if the index hits 8,200.
BANK NIFTY
Current: 17,359 (fut: 17,305)
Target: NA
Stop-short positions at 17,425. Stop-long positions at 17,225. Big moves could go till 17,000, 17,625. Uptrend may continue.
INFOSYS
Current price: Rs 1,238
Target price: Rs 1,265
Keep a stop at Rs 1,225 and go long. Add to the position between Rs 1,250 and Rs 1,255. Book profits at Rs 1,265.
ASIAN PAINTS
Current price: Rs 992
Target price: Rs 1,005
Keep a stop at Rs 985 and go long. Add to the position between Rs 999 and Rs 1,002. Book profits at Rs 1,005.
BHEL
Current price: Rs 129
Target price: Rs 133
Keep a stop at Rs 127 and go long. Add to the position between Rs 131 and Rs 132. Book profits at Rs 133.
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