The equity market has opened in caution note on Friday. Sensex seems around 28,700 and tries to reach 28,800. Nifty holds its crucial support level of 8,800 but seems under pressure.
Nifty made a " Doji Star " candlesticks when the index opened and closed approximately around the same level.
Sensex trading at 28740.42, down 32.71 points or 0.11 percent lead by losses in Axis Bank, Lupin, ICICI Bank. It touched a high of 28,825.09 and touched a low of 28,714.93 in morning trade.
Nifty is fell 9.10 points or 0.10 percent at 8858.35. It touched a high of 8,885.20 and touched a low of 8,847.40 in early trade.
The market breadth was positive as about 1105 shares advanced against 842 declining shares on the Bombay Stock Exchange.
The broader market on the positive strength with The BSE midcap index rose 0.49 percent to 13360.16. BSE smallcap index up 0.46 percent at 13008.71.
The Indian rupee opened at 66.96 per dollar, lower by 30 paise on Friday versus previous close of 66.66.
Nifty Gainers - BHEL 2.21%, HCL Tech 1.36%, Bharti Infratel 1.15%, BPCL 1.09%, Bharti Airtel 0.83%.
Nifty Losers - Axis Bank 4.10%, ACC 1.59%, Lupin 1.48%, Ambuja Cements 1.30%, Eicher Motors 0.84%.
Trading Tips For Today By Experts -
Buy - Buy - Buy - Buy - Buy - Buy - Buy
Oriental Bank, SL 127 Rs TGT 135 Rs
PNB, ( Buy For 2 - 3 days ) SL 137 Rs TGT 148 Rs
Arvindo Pharma, ( Buy For 1 - 2 days ) SL 833 Rs TGT 886 Rs
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