The Indian stock market swinging between negative and positive zone. The nifty index is in uptrend On closing basis if it breach its important support of 8280 , the trend will shift in favor of bear’s. For day trading important support for the bulls would be around 8390 and if it falls further next important support is around 8340. On upside 8468 and 8480 will remain.
Sensex is in an upside moment, trade above 28100 level. Volatility seeing continue in sensex index . Sensex is up 30.72 pts or 0.10% at 28194.48 led by gains of hindalco, Bajaj auto , ITC, Bharti airtel.
On the losing side,cipla, Tata Motors, GAIL, Axis Bank,coal india, HDFC Bank, Sun Pharma, M&M and Infosys have declined between 1-2%.
Realty , Fmcg index supporting the up market it surge more than 1%,
ACC Ltd is a ‘SELL’ call with a target of Rs 1470 and a stop loss of Rs 1506