Auto and Entertainment stocks will be in focus by Mr. Rahul Sharma, Equity99
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Below are Views On today`s post market report by Mr. Rahul Sharma, Co- Founder, Equity99.
Nifty opened gap-up today gaining 111 points at 15874 levels. All sector index are trading in green, Nifty Realty was the top gainer up 4.79 %. HDFC Ltd is in focus after declaring better than estimated Q1 results. Also Bharti Airtel & Idea are in focus after the news outcome of likely relief on Spectrum & AGR payment timelines post DoT & PMO officials meet on Saturday.
Nifty ended in Green today up 122.10 or 0.77%, Sensex up 360 points, with Bnak Nifty settled 125.65 points higher or +0.36% as intraday GAINS
Now, Auto stocks will be in focus as Minister for Road Transport and Highway Nitin Gadkari is likely to meet with the captains of the auto industry. Also Entertainment stocks will be in focus as Maharashtra CMO office will be issuing notification on opening of malls, hotels & Shops.
Key Results to consider tomorrow – Bharti Airtel, Adani Enterprise, Adani Ports, Tata Consumer Products.
Nifty further will resist 15900 levels, once we get closing above 15900 levels then upside 15960 will be the next hurdle to cross 16k mark for the another resistance at 16100 levels.
On the down side, first support for the index is at 15830 followed by 15790 - 15725 at current levels of market.
Above views are of the author and not of the website kindly read disclaimer
