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Dealer’s Diary
The market regained the positive terrain after slipping into the red for a brief
period after a positive start. The market pared gains after hitting fresh intraday
high in morning trade. Intraday volatility continued as the key benchmark
indices recovered after slipping into red to hit fresh intraday lows in early
afternoon trade. The market surged in afternoon trade as European stocks rose
at the onset of the trading session. A bout of volatility was witnessed in
mid-afternoon trade as the key benchmark indices pared gains after hitting
fresh intraday highs. Volatility continued in late trade as the market pared gains
after hitting a fresh intraday high. The Sensex and Nifty closed with gains of
0.8% each. The mid-cap index ended higher by 0.4%, while the small-cap index
closed with gains of 0.8%. Among the front runners, DLF, Sterlite Industries,
Tata Power, SBI and Infosys gained 1–2%, while Tata Motors, Hero Honda,
Maruti Suzuki, HDFC Bank and Hindustan Unilever lost 1–3%. Among mid
caps, Prestige Estates, COX KINGS, JM Financial, Jyothy Labs and Delta Corp.
gained 6–7%, while Zydus Wellness, Himadri Chemicals, GTL, Shree Global
and SKF lost 5–8%.
Markets Today
The trend deciding level for the day is 18,609/5,599 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18,736 – 18,817/5,642 – 5,670 levels. However, if NIFTY
trades below 18,609/5,599 levels for the first half-an-hour of trade then it may
correct up to 18,527 – 18,400/5,571 – 5,529 levels.
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