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Nifty50 today trapped all Bears and made a substantial recovery of 140 points from days low 12744 and went high above 12900 once and closed the day with 87.35 points up to 12859.05.Gland Pharma Debut with 23% up on an opening day.
Bank nifty significant action today move almost 1000 points from days low and closed the day with 332.95 points up to 29236.
In future and options Market all major Indices of Nifty50 closed flat almost whereas Telecom gained 9.2% lead by Infratel closed more than 17% intraday.
Top Gainer Looser Of the Day
Infratel Locked Upper Circuit Intraday up by 20% in Intraday trading.
Bajajfinsev gained 10% almost, followed by Idea, Titan, Bel gained in between 5% to 7%.
On the other hand very disappointing performance by one of major contributor of nifty Reliance even in this bull
type of Market lost more than 20% from 16.09.2020 high 2370.
In the cash market stocks like Inoxwind Locked 20% circuit, Wocpharma once a Future option script also locked 20% circuit today.J&K bank closed 20% in intraday trade today.
Fii & Dii Activity of the day:
Dii again sold today 2868.66 cr whereas Fii net buys 3860.78 cr as per data received by NSE website helps nifty to closed in green.
From 5th November to till date Dii keeps selling whereas Fii buys every session in Indian Market.
Technical View On Market :
As we mentioned yesterday, Nifty will trap all bears today we saw this.
We still maintaining buy on dips market. For levels kindly see the post.
This rally may be the start of a long-term bull market as the fear of Covid reduces.
The Market may remain highly volatile near future.
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