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RESULT OF 8TH NOVEMBER 2022
COMPANY NAME
Aegis Logistics Ltd
Aptus Value Housing Finance India Ltd
Bajaj Electricals Ltd
Birla Corporation Ltd
Bosch Ltd
Cholamandalam Financial Holdings Ltd
Dr Lal Pathlabs Ltd
Godrej Consumer Products Ltd
Honeywell Automation India Ltd
Jubilant Foodworks Ltd
Laxmi Organic Industries Ltd
Metropolis Healthcare Ltd
MRF Ltd
NCC Ltd
NOCIL Ltd
P I Industries Ltd
Phoenix Mills Ltd
Sheela Foam Ltd
Sundram Fasteners Ltd
Suven Pharmaceuticals Ltd
VST Industries Ltd
Welspun India Ltd
Although markets experienced a rollercoaster ride during the daily session, key indices maintained their bullish bias on firm global signals. Another positive factor was the strengthening of the rupee level against the dollar which, if this continues, could encourage foreign institutional investors to buy into local equities. Sensex was up 234 points to close the day at 61185. Nifty was up 82 points to close at 18199. Nifty recovered well from the daily lows to close back in positive territory. It might now face resistance in the 18275-18325 range after a break on Tuesday as the market is closed on Tuesday on accounts of Guru Nanak Jayanti on 8th November 2022 while 18000 could offer short-term support.
Technically, the Nifty
is holding a higher bottom formation while at the same time consistently
finding resistance near the 18250 level. Additionally, the index has formed a
doji candlestick formation on daily charts, indicating indecisiveness between
bulls and bears. For trend following traders, 18100 and 18050 would act as key
support levels. If the index trades above 18100, it could reach the 18275-18300
levels. On the otherside, below 18100, Nifty could retest the 18000-17900 level.
Resistance: 18250, 18350, 18450
Support: 18100, 18000, 17900
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