On 9th September also there was a lot of volatility in the market. Nifty was seen moving in the range of 80 points throughout the day. Looking at its last week’s move, it remained in the range of 200 points for the whole week amid weak global cues.
BSE Sensex is firmly holding above 58,000. It closed last week at 58,305.07 with a gain of 54.81 points. At the same time, Nifty remained above 17,300. It closed at 17,369.30 last week with a slight gain of 15.80 points. Nifty Midcap 100 index closed with a gain of 0.3 per cent and Smallcap 100 index 0.64 per cent.
India, KPR Mill and Apollo Pipes were in focus on Thursday. Apollo Pipes had finally closed at Rs 1,606.50 with a gain of 3.65 per cent, touching an all-time high of Rs 1,615 in the intraday. Its market cap had reached Rs 2,106 crore on Thursday.
Know what is the opinion of brokerage houses on Zomato, HDFC and BHARTI AIRTEL
Textile company KPR Mill also touched the level of 2,349.60 in intraday on Thursday. At the end of trading, it was slightly lighter from above and closed at the level of 2,273.80. At the same time, Abbott India closed at 20,698.95 with a gain of 3.54 percent.
Now let us see what is the opinion of Shrikant Chauhan of Kotak Securities.
It is still in an uptrend. A target of Rs 22,300-22,500 can be seen in this stock. Should be a buy at the current levels and any further downside and place a stoploss of Rs.20,000 for this buy.
Despite the slowdown in the market, the stock continues to rally. The Rs 2,100 level is crucial for swing traders. If it sustains above this level, then a level of 2,400-2,525 can also be seen in it.
The Rs 1,500 level will prove to be a trend decider for the next few trading sessions. If this stock stays above this level, then it can also see the level of Rs 1,800.
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