At least a dozen companies’ shares witnessed change of hands during Friday’s session through open market transactions. The top action was seen in companies including Vivo Collab Solutions, Nupur Recyclers and Selan Exploration among others. 

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Alpha Leon Enterprises LLP bought 20,800 equity shares from Mansi Shares & Stock Advisors Pvt Ltd in Vivo Collab Solutions Ltd at Rs 289.3 per share on the NSE, as per the bulk deals data.  

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Individual investors Anupam Narain Gupta sold 56,000 equity shares to Naval Kishore Loya in ASL Industries Limited at Rs 45.95 per share on the NSE, the bulk deals data showed. 

Individually, Hardik Mahendrabhai Shah (HUF) bought 1,26,000 equity shares in Nupur Recyclers Limited at Rs 145.45 per share; Prasoon Harshad Bhatt bought 1,13,746 equity shares in Selan Exploration Technol at Rs 148.96 per share; Penguin Trading & Agencies Ltd bought 25,85,700 shares in Filatex India Ltd at Rs 117 per share on the NSE, the bulk deals data showed. 

Penny stock such as A and M Jumbo Bags Ltd, Ansal Housing and Construction, B.C. Power Controls Ltd, Consolidated Construction, Innovative Tyres & Tubes, Oriental Trimex Limited, Quadpro ITeS Limited, Shri Ram Switchgears Ltd, Vikas Prop & Granite Ltd among others saw buzz in bulk deals. 

Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas in his post market comment said, “The Nifty continued with its recovery process for the third consecutive week. On the way up, it has crossed certain crucial short-term hurdles.” 

“In terms of the Fibonacci retracement, it has retraced 61.8 per cent of the entire decline. For the last couple of sessions, the index is consolidating near this key Fibonacci level,” he added. 

“The hourly Bollinger Bands have become flat thus suggesting that the consolidation can continue for some more time. The overall structure shows that this is a healthy consolidation, which will prepare the setup for the next up move”, Rathnaparkhi said in a note. 

On the downside, 17650-17600 will provide cushion for any minor degree dip whereas on the higher side, 18000 mark is expected to keep the rise in check for the short term, the analyst further said.