Nifty ends above 10,250, up 1.4% for the week; Sensex ends 301 pts higher

All that happened in the market today

8:47 AM

Asian Shares Rally

Asian shares rallied for a second session on Friday as investors awaited major economic data from China and the United States while marveling at the meteoric ascent of the market’s new crypto-star, bitcoin.

 

Japan's Nikkei led the way again with an early gain of 0.9%, adding to Thursday's 1.45% bounce.

 

Australian stocks put on 0.4% while MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.1%.

8:46 AM

Nifty outlook and top trading ideas from Prabhudas Lilladher

 

Nifty has made a U-turn getting its daily trend turned up after 6 days; however Nifty needs to cross 10,200 levels for further target of 10,280-10,350. The support for the day is seen at 10,120 while resistance is seen at 10,220. This still continues to be a bounce back rally till we see some confirmation above 10,350.

 

BUY ASIAN PAINTS      

CMP: Rs 1,144.40      

TARGET: Rs 1,245      

STOP LOSS: Rs 1,100

 

The stock has given a decent correction from the  peak of 1200 levels and now has bottomed out at 1099 and produced a positive bullish candle pattern in the daily chart to signify potential and strength to rise further in the coming days. The RSI has hit the oversold area and has indicated a steep rise with a trend reversal thus signaling a buy in this stock. The volume activity has been tremendous in the recent times and thus we recommend a buy in this stock for an upside target of 1245 keeping a stop loss of 1100

(All prices in Rs) 

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8:46 AM

US markets end higher

 

Wall Street rose on Thursday, buoyed by popular technology companies including Facebook and Alphabet. The Dow Jones Industrial Average rose 0.29% to end at 24,211.48 points, while the S&P 500 gained 0.29% to 2,636.98. The Nasdaq Composite added 0.54% to 6,812.84.

8:42 AM

Good Morning!

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