Tit - bits

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Domestic bourses ended near the day's high on Thursday, supported by firmness in banking counters and index heavyweight Reliance Industries Ltd. Trading was volatile on account of weekly expiry of index options.

The BSE Sensex, rose 268.95 points or 0.71% to close at 38,140.47. The Nifty 50 on the other hand climbed 82.85 points or 0.74% to end the day at 11,215.45.

In the broader market, the BSE Mid-Cap index rose 0.98% while the BSE Small-Cap index gained 0.61%.

The market breadth was positive. On the BSE, 1,453 shares rose and 1,205 shares fell. A total of 154 shares were unchanged.

The market breadth was positive. On the BSE, 1,453 shares rose, while  1,205 shares fell. A total of 154 shares remained unchanged.

#The Nifty Bank index rose 0.88% to 23,083.90, thus reaching my target of 23000. The index has moved up by 8.17% in six sessions. You should book complete profits in your option call given last week. 

#The markets are likely to correct very soon and again test 10500/9700 on the downside as still there is no Covid - 19 vaccine coming up in the next couple of months. Don't take fresh BUYs positions in Nifty. 

#Sell the shares of NCC Ltd near the CMP of Rs.31.80, for short term targets of Rs.27/28. SL: Rs. 34.
The monsoon season is not very productive for construction companies. 

#Sell the shares of Indiabulls Real Estate Ltd at the CMP of Rs.55.20, for short term targets of Rs.48/47. SL: Rs.58.
In Mumbai, the property prices have crashed by more than 25% during the last few months and with Covid - 19 still creating havoc, it seems there are no chances of immediate sector - recovery.