Value buying lifts Nifty higher

Viswanathan Sundaresan 11 Apr, 2017 Finance , , , ,

Value buying and short covering lifted the Indian equity markets to provisionally close on a positive note during Tuesday’s trade session.

Healthy buying was witnessed in banking, IT and pharma stocks.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) edged up by 55.55 points or 0.61 per cent to provisionally close at 9,237 points.

The 30-scrip Sensitive Index (Sensex) of the BSE provisionally closed with gains of 212.61 points or 0.72 per cent.

The BSE Sensex, which opened at 29,630.06 points, traded at 29,788.35 points (at 3.35 p.m.) from its previous day’s close at 29,575.74 points.

The Sensex touched a high of 29,804.51 points and a low of 29,570.58 points during the intra-day trade.

FIIs net buy Rs 750.52 Cr in equities and DIIs net Buy  826.66 Cr in equities.

FII positions in Index puts, futures and calls.

Nifty Put Call Ratio (PCR) data shows support at 9200 and resistance at 9300


About The Author

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Viswanathan Sundaresan is a trader, investor and a derivative strategist. He trades Futures and options using charts. He is not a registered analyst with SEBI. Interests : Futures, Options Strategies, Moving Averages, Technical Analysis and Astrology.

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