Nifty turns range-bound in the mid noon hours as indices struggles for direction. Nifty finds it difficult to keep above the 10450 zone, while it has good support around the 10,400 mark. Reality stocks and Auto stocks continue to lead while PSU banks under pressure.
Tata Motors DVR, Bharti Airtel, OBNGC, Mahindra & Mahindra, Tata Power are among the top gainers in NSE Nifty in the mid-noon hours, whereas BPCL, Indian Oil corporation, Kotak Mahindra Bank, IndusInd Bank, Asian paints are losing steam on NSE.
There are 959 advances, against 677 declines, 368 remained unchanged, out of 2,004 stocks traded on the NSE today. A total of 92 stocks clocked a fresh 52-week high in trade, while 14 stocks touched a new 52-week low.
Experts View on Market
BUY REL CAP FUT ABOVE 568.85 STOPLOSS BELOW 560.10 TARGET 575.90, 581.90. INTRADAY TARGET 571-72
DERIVATIVE: BUY CANBK 440 CE @ 8.55, STOPLOSS 5.45, TARGET 12 & 15.