Nifty ended the week at 15817 up by 0.8% and Bank Nifty ended at 35169 negative by 0.7% on weekly basis.
Lets look the the previous weeks top 3 gainers and loosers.
| Top Weekly Gainers | ||
| Name | LTP | %change |
| Power Grid | 246.30 | 8.9% |
| NTPC | 118.80 | 6.3% |
| Coal India | 162.65 | 6.2% |
| Top Weekly Losers | ||
| Name | LTP | %change |
| HDFC Ltd | 2559.80 | 2.3% |
| L&T | 1503.45 | 2.2% |
| Bajaj Finserv | 11907.50 | 2.0% |
Our Tata Consumer has touched all our targets giving approx 7.2 % returns in 2 weeks.
United Spirits our previous week’s suggestion has also entered in Buy zone and made a high of 656 open for the remaining targets. Going ahead Nifty’s Friday’s candle has formed a Doji pattern indicating indecisiveness among the bulls and the bears, though the targets on higher side are still open – it is suggested to keep booking profits at higher levels. On down side nifty has a support near 15650 below which it may observe profit booking.
In previous week bank nifty failed to sustain above 35550 mark dragging the index down marginally nearly half a percent on weekly basis. It has a support near 34720 levels below which it can observe some panic and if the index manages to close above 35550 it may touch our remaining targets.
