In the later morning hours on Monday, in the Nifty50 index, there were 32 advances shares against 17 declines shares while there is 1 unchanged stock in NSE.
The trend in Nifty daily & weekly continues to be up while the monthly trend would edge up with a close above 9,950. The support and resistance for the week is seen at 10,150 and 10,500 respectively.
Nifty weekly charts look like the high possibility of extension. The short-term outlook for the market keeps positive till Nifty trades below 10,067 levels and it is expected a target of 10,750 to 10,800 levels in short term.
BPCL, ONGC, YES bank, Ambuja cement, ICICI bank were the gainers in the Nifty Index at later morning hours, while ITC, Tata steel, WIPRO, Coal India, and India bulls Housing finance Ltd were losers.
BUY NIITTECH FUTURE ABOVE 651 TARGETS 653.7, 656.4 STOPLOSS 646.95
BUY DISHTV FUTURE ABOVE 79 TARGETS 79.6, 80.2 STOPLOSS 78.1
SELL INFRATEL FUTURE BELOW 418 TARGETS 415.6, 413.2 STOPLOSS 421.6
SELL REPCO HOME FUTURE BELOW 601 TARGETS 595.25, 589.5 STOPLOSS 609.65