Post Market Round Up | 16 Apr 2021
The world is flat!
#Nifty50 has taken our likening it to an elephant for sure. It is circus show today! Like a trained tusker, respecting the support and resistance, it completed the walk around the arena for all to see.
No wonder many of our Nifty Profit Makers Telegram channel subscribers have turned observers these days!
#Nifty50 opened at 14599.6, after initial hesitation, moved up and consolidated in a range attempted to push above 14680 a few times and finally succumbed to weekend profit booking to close at 14590.45 (VWAP adj 14617.85).
Almost all sectoral indices were up except #NiftyBank, NiftyPSUBank, NiftyFinService and #niftyRealty. #NiftyIT, #NiftyPharma and #NiftyAuto were top gainers today.
Two #Nifty50 stocks hit 52 week high - #Wipro & #Hindalco. Even as #TCS, #Infy, #Tata Steel and #SAIL ended in red. Is this stock specific action or operators at play! #FII & #DII were net buyers (INR 1095 Cr) today and it strengthens the thought.
With #Vix closer to the benchmark 20 and reduced premium for the #future, it remains to be seen if bullish days are ahead...
Enjoy your weekend!