Market finally gave a decisive move today on the downside. Post gap up opening of roughly 30 points, NIFTY continuously fell throughout the day to close with a loss of .74%. SENSEX shed 636 points to form a decisive strong red candle, indicating a further downmove in upcoming trading sessions, as a result of across the board selling.
INDIA VIX cooled off 3.5% to close at 16.56.
Sectors that moved the market: NIFTY REALTY was the top gaining sector today 1.2% gains. PRESTIGE was again the top gainer in this sector with almost 3% upmove. Althought DLF, the top weighted stock of this sector was trading in red.
DEFENCE sector today again saw some buying to close with more than 1% gains. With talks of indigenous 5th GEN aircraft, Indian defence stocks have become a hot selling commodity that investors are grabbing at every dip.
PRIVATE BANKING space was the top loser in today’s trading session, shedding more than 1%. While YESBANK lost more than 10%, FEDERALBNK was trading in green with more than 2% gains.
Heavyweights of this sector were trading in the range of -0.5% to -1.0% throughout the day.
FNO Top Gainer/Loser: HINDZINC was the top gainer in FNO space with solid 3.44 % gains, with JSL, its peer in the METAL sector, closely following with 3.24% upmove.
YESBANK shed a massive 10% to become the top loser in FNO space today, losing all gains of previous trading session. IDEA showed a correction of 3.7%.
Sector Update:
Learnings for traders and retailers:
- The more you strive to find a strategy with 90-100% accuracy, the more you get entangled in “Perfectionist Trap” . There is nothing like a sure shot accuracy strategy in stock market.
Learn to think in terms of probabilities and let your edge play out in your favour and s
