The Indian benchmark indices are opened on a flat note and nifty is moving on a roller coaster ride making a low of 11850.25 and high of 12002.90. On daily chart, it is sustaining above 50 days and 200 days simple moving averages. Yesbank, Cipla and Infy are top gainers while Titan, Bhartiartl and Ioc are the top losers. Out of 2141 stocks, 916 are advanced, 835 are declines and 390 are unchanged. All the sectorial indices are trading in green with reality index up by 2.52%. The index opened on gap up note at 271.70 and made a high of 275.90. The formation of “Three Outside Down Reversal” a candle stick pattern which indicates the bullish movement in the stock. The index is trading above 50 days and 200 days moving average. RSI is trading at 63.07 levels which is not indicating any sign of divergence.
Some stocks of this counter are also witnessing heavy volumes and momentum that are convincing the emerging trends.
SHOBA: It is among the top gainer in the sector trading at 434.50 up by 5.03%. In daily chart it is sustaining above 50 and 100 days moving average. The stock is trading near to its 52 week low.
IBREALEST: The counter is top second loser in the pharma sector in today’s trading session. It is trading at 66.90 up by 4.94%. It is sustaining above 50 days and 100 days moving average.
DLF: In today’s trading session it is trading at 191.50 up by 3.88%. It is sustaining below 50 days and 100 days moving average.