Nifty Closed Yet another Record High Above 13050 lead by Banknifty supported by all Other Indices

Nifty closed yet another record high due to run in Banknifty and supported all other Indices and Closed above 13000 for the first time in history.

The 50 shares Nifty closed at 13055.15 up by 1% whereas Banknifty closed at 29737.25 up by 2.46%.

All the sectorial Indices today either flat or move up to 3% in future & options market.

 Top Gainer Looser in Market Today

Nifty Auto Major Boschltd up by 10% intraday, followed by Rbl Bank 6% odd, Adani Ports Axis bank, Hdfcbank all closed almost 4% up intraday in Future and Options Market and helped nifty to close yet another record high.

In Metal Space Hindalco Moved 4% almost intraday.

Todays Looser list, not much Jubfood, Gmrinfra, Apollo hospital falls Intraday around 2 to 3% in Fno Market.

In Cash Market Stocks like Alfaagro, Suntech moved around 11%.

Fii & Dii Activity analysis of the day:

Fii Agin buys net Rs 4563.18 cr whereas Dii Sold Rs 2522.11 as per data received from NSE website.

After 30th Oct this is the 16 th Trading session Dii Keep selling in Nifty.

On the other hand, from 2^nd Nov till now 17^th trading sessions Fii continuous buying In Indian Market.

In our opinion, those booking profits continuously will repent later let’s see.

Technical View On Nifty :

We see a longterm bull market in charts. Every dip adds more in the pocket. Traders and Investors should continue to hold their long position for a windfall gain in coming days. We don’t recommend profit booking at this stage; instead, we must add more at dips to gain huge in future.

Today our level 1 in Nifty almost reached out. For further levels see this post

Best regards,

StockTradingF&Oteam

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