After two days of weakness, the market has been closed strongly. SENSEX moved 391 points while Nifty closed at 11360 gained 1 %. Midcap shares strong 1 %, Bank Nifty index managed to move nearly 340 points.
Good buying was seen in oil and gas shares today, BSE’s oil and gas index closed with a gain of 0.34 percent. Nifty PSU Bank index gained 1.9% and Private Bank index closed above 1.5%.
FMCG, Metal, Pharma and Realty shares moved higher, Nifty Metal index 1.6%, FMCG index 1.1%, IT index 0.6%, Auto index 0.4% and Realty index closed with gain of 0.6%.
According to experts, we can be seen an uptrend in HDFC AMC IPO in long term. PNB share expected to cross 87 level, advice to buy with the target of 95. Sell Jet Airways’ shares.
Stock Future Trading Calls for 06 August 2018
BUY GAIL FUTURE ABOVE 390 TARGETS 393.2
BUY NIITTECH FUTURE ABOVE 1294 TARGETS 1299.3