NIFTY ANALYSIS
| OPEN: 14,729.15 | HIGH: 14,982.00 | |
| LOW: 14,723.05 | CLOSE: 15,008.80 | |
| LOWER RANGE: 14,950 | UPPER RANGE: 15,100 |
There was a market glitch yesterday, due to that NSE has halted the trading. BSE was open. For intraday brokers have to square off the position, so some of the brokers squared off the position in market price in BSE. So we have observed a big fluctuation of the price at 3:30 PM. Nifty has claimed its 15k mark and Sensex has climbed at 50k again. Bank Nifty has moved 1500 points in a single day. This is due to FM announcement that came around 3:30 PM. People who were short on bank nifty went for short covering, which pushed the market up.
NIFTY FORECAST
FII bought 29k cr yesterday. The main buy has happened in BOSCH share. There can be a big pullback today. But US market is green and the Asian market also green. Nifty support is at 14,950 , if this broken we will see the market coming down. Today’s expiry will be between 14,950 and 15,100.
STOCK RECOMMENDATION
| Company | Price | Recommendation |
| ASIAN PAINT | 2370 | Buy above this price |
| HDFC BANK | 1550 | Buy price triggered and had a good gain in a single day. |
