Equity Market remaind rangebound | Nifty near 8,600

On Friday The Equity market opened at caution note. And managed to recoup in early morning. Nifty reclimbed its crucial support level of 8,600. 

Sensex trading at 27788, Marginally down 39.53 points or 0.14 percent. Sensex touched a high of 27,904.04 and a low of 27,716.78 in morning trade. 

Nifty trading at 8585.65, down 6.10 points or 0.7 percent. Nifty touched a high of 8,617.65 and a low of 8,555.20 in early trade. 

About 1382 shares have advanced aginst 543 shares declined and 97 shares are unchanged. 

BSE midcap index up 1.26 percent at 13076.95. BSE smallcap index rose 1.36 percent at 12684.24. 

BSE Sensex Gainers - GAIL 3.03%, M&M 1.70%, ONGC 1.41%, SBI 1.1%, Infosys 0.99%. 

BSE Sensex Losers - Cipla 4.29%, Coal India 2.32%, Bharti Airtel 1.55%, Dr Reddys Labs 1.18%, Adani Ports 1.09%.

Trading Advice for Friday - 

ITC - Buy ( for 2-3 days ), Stoploss - 242 Rs, Target - 255 Rs

ICICI Bank - Sell ( for 2 days ), Stoploss - 262 Rs, Target - 244 Rs

Reliance Power - Sell ( for 2 days ), Stoploss - 50.5 Rs, Target - 41 Rs