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Tuesday 28 October 2014

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Nifty Market Strategy On 28 October 2014

Nifty closed at above 8000 value and move up to 35 point,  supported by banking and financial health care and capital goods stocks.

Today market  volatile in the October series  expiry days, the market moving on strong mode in expiry time.

Gautam Shah of JM Financial said Indian equities have been resilient as there has not been even a 10 percent correction in the last 14 months.

It was a strong day for global markets too. Asian markets like Hang Seng, Shanghai and Taiwan Weighted gained 1.6-2 percent while Germany’s DAX rose over a percent. Goldman Sachs raised its target on S&P 500 to 2050 by December and 2150 by the end of 2015.

Today Sun Pharma top gainers in the list and move up to 4 percent, Cipla move up to 3 percent and SBI, BPCL and Tata Power move up to 2.50 percentage.

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