Nifty goes into a consolidation after the big move!

Good Evening Everyone, As expected Nifty finally cooled down after such a big rally in the past few days.


The DIIs booked profits as they sold for Rs. 1287 crores while the FIIs continued buying to the tune of Rs. 666 crores.

On the daily chart the Nifty has formed a bearish candle similar to a a trend reversal, which could mean that again the Nifty would move to a stock specific movement for few days ahead.


Sector Watch:


Nifty realty stole the show today with highest growth today, led by Oberoi realty, Sobha and Brigade group. And Top loser was th IT & Metal sector where we could see good profit booking by the DIIs.



Top Gainer:


Asian Paints was up 3% in the Realty sector and followed by Tata motors & SBI life in the top gainers section.



Top Losers:


Most IT companies and metal stocks saw profit booking and we could see Tata steel, JSW steel, Infy, HCL, TCS among the top losers today.



Thats it for now team, lets catch up tomorrow morning to know about the market in detail.




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