Indian equity ticked up on Thursday following global cue tug of war between bulls and bears

continue on Dalal Street. Sector specific MEDIA and FMCG were underperforming the market.

However METALS and AUTO were outperforming the market. Again the narrow trading day,

Nifty hourly char depict the consolidation in a rising wedge pattern with intermediate resistance

of 10000. With supportive Indicator the RSI oscillating in a symmetrical triangle it indicates

indecisive ness in to the market. Individual stocks are giving good opportunities to trade, traders

are advice to concentrate on individual stock rather going for index specific.

Narrow trading range on weekly expiry disappoint the traders and conclude the session with

minor gain of 25 points. Technically horizontal consolidation may continue with intermediate

resistance of 24500. Supportive Indicator RSI also oscillating in rising channel it indicates

indecisiveness in to the market. Indeed stock specific momentum continue. Traders are advice

to concentrate on the individual stock rather going for Index. Short term support would be

placed at 24150-24100.

10000

24434

9959

24356

9937

24324

9888

24176

9861

24073

DISHTV

GODREJCP

79

900.20

73

850

82

925

VIEW

SIDEWAYS

SIDEWAYS

SIDEWAYS

IBULHSGFIN

VEDL

EICHERMOT

M&M

BOSCHLTD

1,315.65

326.10

32,849.00

1,342.00

22,039.80

4.06

2.47

2.39

1.93

1.74

BPCL

BHARTIARTL

ITC

TATAMTRDVR

TATAMOTORS

523.20

395.50

271.00

212.00

378.25

-2.19

-1.74

-1.70

-1.35

-1.16

946 746 69

9929.90

24304.90

Date: 8th Sept 2017