Good Evening Everyone, What better news to all of us who have been holding ITC stock with complete patience all these months to finally see the most amazing move of the year, taking it directly to the 52 week high.
I have always been positive about ITC and have told several times in our weekly meet that, it is something that everyone should have in their portfolio, and it finally has moved!
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The Nifty initially looked like it was consolidating but after the first hour, it went on a bullish spree taking the charts to another record high finally closing at 17629.
On the daily chart, Nifty continues to make a bullish candle, indicating more power in the bulls!
The FIIs bought again for Rs. 1621.88 crores, while the DIIs booked profit by selling to the tune of Rs. 795.13 crores.
It was majorly the very powerful PSU banks led by SBI, Private banks, FMCG led by ITC, that helped the Nifty rally to the record high today.
Our favourite IndusInd bank, ITC & SBIN led the day for Nifty today.
Profit booking was seen in Grasim, Bharti Airtel, TCS today after their splendid rally in past few days.