Indian Stock Markets had a good run on Monday as stocks rallied to wipe out all the losses incurred on Friday. Though on the way up, it has hit the stop-loss levels on "Short Sell" strategy recommended for the day.
Among the sectors, Oil and Gas and Auto sectors did well. Reliance, ONGC were up by more than 1.5% while Tata Motors also made decent gains of more than 2% on the bourses. Though Maruti and Hero Honda ended the day in the negative territory.
Provisional data by FIIs indicate strong buying from Foreign Institutional Investors as they notched up stocks worth 800 Crores during the day. In the derivatives segment, FIIs didn't give major indication as they didn't notched up major buying / selling in the futures segment.
Among the stocks, buy recommendations on both Gujarat Flourochemicals and Max India did well. Tata Motors-M&M pair trade strategy is still active. It has more than 15 days since i have made this recommendation, strangely it is still active. TCS sell strategy seems OK as we are still making profits as of now.
US has made into positive territory in the initial trades and seems likely that it will remain in green during the day. If that happens, we might again see decent gains coming into Indian equities tomorrow. No recommendation for Nifty for tomorrow as markets are currently trading in a no-trend territory.
Wishing you a great trading day tomorrow!!!
Among the sectors, Oil and Gas and Auto sectors did well. Reliance, ONGC were up by more than 1.5% while Tata Motors also made decent gains of more than 2% on the bourses. Though Maruti and Hero Honda ended the day in the negative territory.
Provisional data by FIIs indicate strong buying from Foreign Institutional Investors as they notched up stocks worth 800 Crores during the day. In the derivatives segment, FIIs didn't give major indication as they didn't notched up major buying / selling in the futures segment.
Among the stocks, buy recommendations on both Gujarat Flourochemicals and Max India did well. Tata Motors-M&M pair trade strategy is still active. It has more than 15 days since i have made this recommendation, strangely it is still active. TCS sell strategy seems OK as we are still making profits as of now.
US has made into positive territory in the initial trades and seems likely that it will remain in green during the day. If that happens, we might again see decent gains coming into Indian equities tomorrow. No recommendation for Nifty for tomorrow as markets are currently trading in a no-trend territory.
Wishing you a great trading day tomorrow!!!
No comments:
Post a Comment