Nifty hit record high on intraday basis as well as on closing high. It is 9th consecutive upside close. Though opened high, later gave up gains but closed good. FII's were still pumping money and they bought INR 385.66 crs and DII Sold INR 247.88 crs.
Shorterm TermIt is boring to say that Nifty is still above 6700 and I dont have any thing to say . There is no surprise from RBI and so market could remain range bound till we see results coming in next 1 week and also elections coming shortly. Nifty is weak only below 6570 for 6500 and 6420 and on the higher side 6900 is very much possible.
IT is picking up and I am sure Pharma will follow it and see banking and other cyclicals looking tired and may take back seat till some time.
Intraday LevelsAs indicated by cues we may see positive opening Nifty can be traded above 6740 we could see 6755 and 6770 and below 6700 we could see 6685 and 6570.
Top pics for the day are HCLTech,Hexaware, Dabur,UPL,TataMotorDVR, BPCL and Heromotors for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.
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