The benchmark index Nifty trailed at its all-time high in the morning session. It has formed a type of double top pattern which if confirmed in Friday’s session may bring in some more correction in the upcoming sessions.
Nifty Stock Early Watch: Nifty turns volatile in morning session and it manages to hold above the 10,400 mark, crucial support is looked at around the 10,385 mark. Pharma stocks register profit booking while auto stocks are losing sheen. Media, Private Banks and metals are among top gainers in later morning hours.
Shares of Idea Cellular, which has traded 1.01 cr shares in number, while PNB traded 0.67 cr, and Bharti Airtel traded 0.57 crore, as the most active stocks in terms of volume on NSE in Friday’s early trade.
BUY INFIBEAM FUTURE ABOVE 160.5 TARGETS 161.5, 162.5 STOPLOSS 159
BUY IDEA FUTURE ABOVE 108 TARGETS 109, 110 STOPLOSS 106
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