The Indian stock market saw a good bounce on Friday following signs of improvement in US economic data. The market started with a big gap on the last day of trading. The Nifty made its new all-time high for the third consecutive day, while the Sensex also touched its all-time high for the second consecutive day. Sensex touched the level of 82637. While Nifty future also crossed the level of 25300 with an all-time high. Nifty Future has registered a historical high of 25399. Sensex closed at 82365 points with a jump of 231 points, while Nifty future index closed at 25376 points with a jump of 112 points. While Nifty future index closed at 51663 points with a jump of 172 points fty pharma, Big sectors such as Nifty Auto have registered growth. Nifty Realty closed at 1053 with a gain of 1.83%, while Nifty Pharma closed at 23,218 with a gain of 1.48%. Nifty Auto gained 0.59% to close at 26173. Apart from this, Nifty IT gained 0.46% to close at 42788. Let us tell you that all sectors except Nifty Media and Nifty FMCG have closed in green. Top gainers in today's trade include Reliance, TVS Motors, Indigo, Bharti Airtel, Mahindra & Mahindra, Bata India, Sun Pharma, Voltas, Tata Motors, JSW Steel, Ambuja Cements, Coal India and Hindustan Unilever. Today's list of top losers has increased. Stocks like TCS, Larsen, Sun TV, Dabur, Cipla, Kolpal, Adani Ports, Havells, Infosys, Tata Chemicals, Kotak Mahindra Bank, HCL Technology, Jindal Steel, DLF have declined. Out of a total of 4045 scrips traded in BSE, the number of decliners was 1709 and the number of gainers was 2221, 115 stocks saw no change in price. While 02 stocks had only seller's bearish lower circuit, 04 stocks had only buyer's bullish upper circuit. NIFTY FUTURE TECHNICAL LEVELS NIFTY FUTURE CLOSE :- ( 25376 ) :- Next fluctuation is possible Nifty Future may touch the first important level of 25202 points and 25108 points from 25404 points to 25474 points, 25505 points very important level regarding trading. Positioning around carefully. Bank Nifty Future Technical Levels… Bank Nifty Future Close :- ( 51663 ) :- Next move possible Bank Nifty Future 51373 points first and 51008 points very important strong stoploss trading from 51737 points to 51808 points, 52008 points may touch very important level Likely to make cautious positions around 51008 points. Specific technical level regarding future stock Kotak Mahindra Bank (1797) :- The share price of this leading company of Kotak Mahindra Group is currently trading around Rs.1763. Buyable with a stoploss of Rs.1750, this stock is likely to register a price of Rs.1808 to Rs.1818 in a short period of time…!! Bullish focus above Rs.1830. Adani Ports ( 1490 ):- Positive breakout around Rs.1474 as per technical chart…!! This buyable stock with support of Rs.1466 is likely to register price of Rs.1507 to Rs.1520…!! Mahindra & Mahindra ( 2824 ) :- According to the technical chart, this stock of the Passenger Car & Utility Vehicles sector has the possibility of a target price of Rs.2797 to Rs.2780 through profitable selling around Rs.2863. Consider a trading stoploss of Rs.2870. Lupine Limited ( 2256 ):- This stock is sellable with a stoploss of Rs.2303 registering an overbought position around Rs.2288..!! It is likely to show the price of Rs.2230 to Rs.2208 in phases…!! Consider bullish above Rs.2313. Future direction of the market… Friends, on the global front, Japan's consumer confidence figures are about to be released, along with market trends, Nifty and Sensex may see ups and downs in the coming week. Indian stock markets remained rangebound and eventually closed with corrections amid a dispassionate environment of strong potential. The stock market has again reached new highs. IT stocks have seen an attractive rally with the possibility of a reduction in interest rates by the Fed in America and signs of improvement in the economy. In contrast to the large cap, the amount of profit booking by investors in the midcap shares has increased. Investors are now selling and booking profits due to the attractive bull market for the past few years. On the other hand, SME, small cap stocks have become risky. In Indian stock markets, index management in Sensex, Nifty against relatively low growth in small, mid cap stocks has seen bullishness becoming aggressive as a result of continuous buying of mutual funds. So, against the decline in the prices of some stocks, many other stocks have recorded a big boom. The author is a SEBI registered research analyst and proprietor of Investment Point.
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INVESTMENT POINTS- Indian stock market bounces on Friday: Nifty futures to remain bullish above 25202 points
