Sensex moves higher; oil & gas, capital goods up - Economic Times

By
Viraj
on April 9, 2010 4:11 PM | | TrackBacks (0)
MUMBAI: Benchmarks pulled back on Friday taking support from positive Asian peers. Traders bought stocks at lower levels after a sharp profit booking session previous day.

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MUMBAI: Benchmarks pulled back on Friday taking support from positive Asian peers. Traders bought stocks at lower levels after a sharp profit booking session previous day. “The channel support coincides with 20 SDMA levels of 5247. Decline till 5250 should be used to reinitiate fresh longs as the trend remains positive for the market. Bullish outlook on the Nifty would get negated on close below 5180.

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In a relatively weak market realty and IT depicted more strong relative strength. We recommend exploring trading shorts in SAIL, Reliance Capital, and HDFC Bank. Essar Oil, Unitech and NTPC appear to be good long candidates,” said Edelweiss report.

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This page contains a single entry by Viraj published on April 9, 2010 4:11 PM.

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