Nifty Future open down Today touched low of 5940.10 and high of 5992.45, Open interest rose 60.7%. Nifty continue to trade with consolidated movement today. Expected it may bounce back if cross 5996.30 level.
IT stocks traded higher, Bank, Pharma, FMCG and Infra sector weak today.
Top Nifty Gainers : JP associates, PowerGrid, IDFC, RanBaxy, HDFC.
Top Nifty losers: Cipla, Sesa Goa, NTPC, Bank of Baroda, Heromotocorp.
Cipla reported 25.5% rise in quarterly earning stock downs near 2%. Power Grid Corporation is bullish due to upcoming Q3 result the company Board of Director meeting will be held on 12 Feb.
Buy POWERGRID Target 113.40 stop loss below 109.
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