After a consolidation, market
closed marginally higher on Wednesday as traders remained cautious
ahead of expiry of July derivative contracts & the outcome of
Federal Reserve's two-day meeting. The Sensex rallied more than 200
points in morning trade on hopes of stimulus measures by Bank of
Japan but turned volatile in afternoon trade, especially after
correction in China's Shanghai on fears of regulatory changes. The
Sensex was up 47.81 points at 28024.33 and the Nifty gained 25.15
points at 8615.80 .
Market participant will await
US Fed comments for clues on policy direction on interest rates. The
Fed has kept the benchmark fed funds rate unchanged after raising it
for the first time in nearly a decade in December 2015.
Advices
Buy ADFFOODS
above 116 targets 119 Stop Loss 114.
Sell
BALPHARMA below 97 targets 94 stop loss 99
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