Published on 14/01/2020 9:51:52 AM | Source: Mansukh Securities Ltd

The CNX Nifty ended at 12329.60, up by 72.80 points - Mansukh Securities

Posted in Market Outlook| #Mansukh Securities Ltd #Market Outlook

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Market outlook-cautiously optimistic


Quantitative Analysis : 

The BSE Sensex ended at 41854.80, up by 255.08 points or 0.61% after trading in a range of 41720.76 and 41899.63. There were 23 stocks advancing against 7 stocks declining on the index.The broader indices ended in green; the BSE Mid cap index gained 0.84%, while Small cap index was up by 0.93%.The CNX Nifty ended at 12329.60, up by 72.80 points or 0.59% after trading in a range of 12285.80 and 12337.75. There were 36 stocks advancing against 14 stocks declining on the index.The top gainers on Nifty were Infosys up by 4.65%, IndusInd Bank up by 3.67%, Coal India up by 3.07%, GAIL India up by 2.91% and Bharti Airtel was up by 2.54%.On the flip side, Yes Bank down by 5.92%, UPL down by 1.18%, Bharti Infratel down by 1.18%, TCS down by 0.93% and Eicher Motors was down by 0.67% were the top losers

For the upcoming session, we expect some more upside near to 12400-450 in near term however profit booking opportunity cant be rule out. Any profit booking scenario should be used as an opportunity to go long..............




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