Daily Trading Desk: Two short-term trades, a fertiliser stock for 7% up move and a pharma stock for 6% upswing

It was a mild corrective jerk for the markets; the Nifty opened on a negative note but trended higher during the day to recoup a portion of its losses. The Nifty saw a nearly a gap-down opening as it opened over 190 points lower. However, it also formed its high point in the early seconds of the session. While putting its intraday bottom in place, the Index slowly higher and in the process recouped a significant portion of the opening losses. The benchmark index closed with a net loss of 81.15 points (-0.32%).