Index Trends And Stocks In Action For August 21, 2014
DSIJ Intelligence / 21 Aug 2014
Going forward the most critical level for the nifty index on downside would be 7820, if bears manage to pierce this level we can see profit booking up to levels of 7730. On the upside 7930-7940 will act as a barrier for the bulls. Nifty is likely to continue this consolidation and is expected to in range of 7820-7940 for couple of trading session.
Indian Equity market halted its upswing and ended the session on negative note. Profit booking was seen in Auto, Banking, FMCG, Capital goods, Oil & Gas and the Metal stocks. On the other hand, bucking the negative trend were the Pharma, Realty and Power Stocks. The Mid-cap index closed flat, while the Small-Cap index outperformed the benchmark indices. In our last write we mentioned the index might take breather and it did so. Now going forward the most critical level for the nifty index on downside would be 7820, if bears manage to pierce this level we can see profit booking up to levels of 7730. On the upside 7930-7940 will act as a barrier for the bulls. Nifty is likely to continue this consolidation and is expected to in range of 7820-7940 for couple of trading session.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.