Market Summary
India market closed flat with a positive bias on Wednesday. BSE Sensehas raises 60 points while Nifty50 closed on top of 25200 levels.
Sectoral Summary
Sectorally, the purchase was found in Auto, FMCG, Realty, and this stock while selling seen in healthcare, capital goods and metal stocks.
Breakut stocks
Stocks hit by fresh 52-week high include names Bonon that raises more than 1%, Bank of RBL Rose 2% and HDFC AMC is 1.3% on Wednesday.
Call analyst
We talk to an analyst how a stock looks for the next trading day, completely from an educational point:
Analyst: Sanket Thakar, CMT, Founder – Alpha Bot Capital
Bonon
Biocon faces rejection from the previous active super supply at the fourth time today, acting as a strong resistance area. Very good, for bulls, it is very safe to get in after a cutting over the resistance of 425.
Etmarkes.comBank of RBL
RBL’s bank, after a strong rally ranking, reached previous salary supply, which can act as a profit booking level for entrepreneurs. Less levels below are in trend, by 262 and 245.
Etmarkes.comHDFC AMC
HDFC AMC is broken from a rising pattern of triangle at the time chart. Total trend is strength, with closest resistance to 5,453.
Etmarkes.com(Disclaim: Recommendations, suggestions, views, and opinions given to experts themselves. It does not represent views of economic times)
