Page 15 - Tech View News Today

Positive chart patterns like higher tops and bottoms were intact on the daily chart and present weakness could be in line with new higher bottom formation at the highs, analysts said. On a move below 19,300, the market is likely to find another important support of 19,100-19,000 levels. Fresh buying interest could only emerge on a decisive move above 19500 levels, said Nagaraj Shetti of HDFC Securities

A total of 851 shares changed hands on the counter till 01:53PM (IST)

The Nifty Realty index was trading 0.72 per cent down at 527.55.

Cyient DLM Ltd., Orient Abrasive, Olectra Greentech, Kriti Ind and Refex Industries, hit their fresh 52-week highs at 10:56AM.

ideaForge Technology, Olectra Greentech, Orient Abrasive, Talbros Auto and Repro India, hit their fresh 52-week highs during the day.

The Nifty IT index closed 0.12 per cent down at 29805.2.

The stock quoted a 52-week high price of Rs 405.2 and low of Rs 232.05.

As of 31-Mar-2023, promoters held 46.8 per cent stake in the company, while FIIs held 13.32 per cent and domestic institutional investors had 16.96 per cent.

The Nifty Realty index closed 0.56 per cent up at 525.9.

Nifty saw huge short covering of the 19,300 call on Tuesday, which once again caused it to rally. As we get closer to the 19,500 mark on Nifty in the July expiry, expect to see some consolidation on the index. Bank Nifty is slowly seeing short straddles start to be created at the 45,500 mark for the July-end expiry. Taking the premium into account, one should not expect a run-away rally post 45500 in the very near term. It is also healthy if the indices consolidate for some time as this makes it...