The BSE Sensex today (November 14) closed with a hefty gain of 893.58 points, or 4.69%, at 19,929.06, while the broad-based NSE Nifty closed at 5,937.90, up 242.5 points.
The 30-share BSE Sensex opened with a positive gap of 300 points. The index performed well throughout the day backed by heavy buying interest in frontliner stocks. Further, positive global cues helped the Sensex to achieve its biggest intra-day gain. Finally, it touched an all time high of 19,987.71 to end the day on a sunny note.
Commenting on this technical analyst, Vishwas Agarwal said that market traded bullishly on back of heavy short covering and positive global markets. Market was also bouyed due to heavy buying activity which was witnessed in pivotal stocks.
He added that the two sectors which have traded bullishly and will continue to do so in the near future are power and banking sector. The major events in these two sectors are the Reliance Power`s IPO clearance from SEBI and SBI`s rights issue clearence from the cabinet.
Vishwas recommends JP Hydro, Patel engineering, Unitech, Zee TV for trading with nominal stop loss.
No comments:
Post a Comment