INSUBCONTINENT EXCLUSIVE:
Share Market: The S-P BSE Sensex and NSE Nifty 50 indexes were trading with a negative bias.The S-P BSE Sensex and NSE Nifty 50 indexes were
trading with a negative bias led by declines in HDFC Bank, HDFC, Reliance Industries, ICICI Bank, Kotak Mahindra Bank and IndusInd Bank
The Sensex fell as much as 259 points to 36,801 and the Nifty 50 Index dropped below important psychological level of 10,850
Selling pressure was broad-based as the Nifty 500 Index dropped 0.8 per cent
On the sectoral front, allsector gauges barring the Nifty FMCG Index were trading lower led by the Nifty Metal index's 1.5 per cent
Nifty Private Bank, PSU Bank, Financial Services, Bank and Auto sector gauges also fell over a per cent each.Sell Aurobindo PharmaChoice
Broking has recommended selling Aurobindo Pharma in the range of Rs 589.90 and up to Rs 593 for target price of Rs 565 with stop loss at Rs
On an hourly chart, the stock has given a breakdown from its symmetrical triangle which suggests a bearish movement in the counter
A daily momentum indicator relative strength index (RSI) reading is at 51.54 level and trending down side which points out for a negative
breath in the counter.Buy Aditya Birla Fashion and RetailChoice Broking suggests buying Aditya Birla Fashion and Retail with stop loss at Rs
187 for target price of Rs 198
On an hourly scale, the stock has bounced back after taking a support at its upward rising trend line which indicates that the stock may go
up in coming trading sessions
Moreover, the stock has started to trade above its 21 hourly exponential moving average which shows a positive move in the counter.Sell
Century Textile August futureChoice Broking has recommended selling August future contracts of Century Textile for target of Rs 775.50 with
On a weekly chart, the stock price has moved below the lower bollinger band which suggests bearish rally will continue further for near term
Moreover, the stock has been trading below its 200 weeks moving average which is placed at Rs 907 level which shows negative momentum in the
movement and related information.Disclaimer: Investors are advised to make their own assessment before acting on the information.Get
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