Nifty Trend-02/04/2013

Nifty Trend-02/04/2013
By admin on Monday, April 1, 2013

Markets showed choppy movements for the whole session while negative sentiments prevailed due to weak PMI data. Nifty future seems to reverse its direction from the current levels where it may face resistance in the zone of 5780-5820 in the coming session. Nifty needs to maintain above 5700 to continue its bullish sentiments but if it surpasses the level of 5680 then it may fall towards the next important support of 5640.

TREND: SIDEWAYS

SUPPORT : 5680 & 5640

RESISTANCE: 5780 & 5820

Major Market News:

Sensex ends in green; shrugs off weak manufacturing data.
Novartis India plunges as SC rejects parent co’s appeal.
M&M vehicle sales rise 11% in Mar’13.
KEC Int’l secures orders worth Rs 9.14 bn.
L&T rallies on Rs 5,689 cr contract for power plant.

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Stock Tips Commodity Tips Mcx Tips

Markets showed choppy movements for the whole session while negative sentiments prevailed due to weak PMI data. Nifty future seems to reverse its direction from the current levels where it may face resistance in the zone of 5780-5820 in the coming session. Nifty needs to maintain above 5700 to continue its bullish sentiments but if it surpasses the level of 5680 then it may fall towards the next important support of 5640.

TREND: SIDEWAYS

SUPPORT : 5680 & 5640

RESISTANCE: 5780 & 5820

Major Market News:

Sensex ends in green; shrugs off weak manufacturing data.
Novartis India plunges as SC rejects parent co’s appeal.
M&M vehicle sales rise 11% in Mar’13.
KEC Int’l secures orders worth Rs 9.14 bn.
L&T rallies on Rs 5,689 cr contract for power plant.

Benchmark Indices plunged in the late trade due to profit booking on higher levels and concern over possibility of early elections. Nifty future faced strict resistance around 5780 and weak start of European markets weakened the sentiments and index had a free fall towards the support level of 5670. It is moving in consolidation phase since last few sessions where it needs to maintain above 5800 to move towards higher levels.

TREND: SIDEWAYS

SUPPORT : 5650 & 5600

RESISTANCE: 5740 & 5780

Major Market News:

Sensex drops 239 as bears target largecaps.
M&M to hike prices by 1-2% to offset rising input costs.
L&T bags Rs 1,400 crore contract in Abu Dhabi.
Aurobindo Pharma gets USFDA nod for anti-AIDS drug.
TVS confirms talks with BMW Motorrad for technology tie up.11.4% in Mar’13.

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Stock Tips Commodity Tips Mcx Tips

Benchmark Indices settled on a strong note on account of bullish sentiments since last few sessions and strong European markets. Nifty future consolidated in the early session while gave positive breakout above the resistance of 5725. Nifty is moving in such a fashion where the strategy is to buy on dips as it is finding strong support around 5700-5680 levels while 5820 is seen as near term resistance.
TREND: SIDEWAYS

SUPPORT : 5720 & 5680

RESISTANCE: 5820 & 5870

Major Market News:

Sensex regains 19,000; capital goods lead.
Bajaj Auto March sales fall 10%.
Infosys signs 5-yr agreement with European energy trading house.
Escorts jumps 4% as tractor sales grow 8.6%.
NTPC to raise Rs 18.7 bn from 3 PSBs to part finance capex.

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Stock Tips Commodity Tips Mcx Tips

Markets opened on a negative note and traded with negative sentiments for the whole session and settled near their crucial support levels. Nifty future closed below its strong support of 5600 indicating strong bearish signals. Now, 5550 is seen as crucial support below which bears may continue towards deeper support in the coming sessions. However any pullback may face resistance around 5660-5700 levels.

TREND: SIDEWAYS

SUPPORT : 5550 & 5500

RESISTANCE: 5740 & 5780

Major Market News:

Markets tumble, Sensex down 253 points.
IGL falls after SC defers hearing in IGL-PNGRB case.
BHEL sees decline in cash balance.
Dr Reddy’s launches Zoledronic Acid injection in US market.
DLF falls on reports of sale of wind biz for Rs 3 bn.

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Stock Tips Commodity Tips Mcx Tips

By admin on Saturday, April 6, 2013

Benchmark Indices showed a choppy session in the last session of the week and were unable to test their crucial resistance levels. Nifty future strongly resisted near 5600 for the whole session and tested the major support of 5550. Overall, bears are seen to capture nifty and if it surpasses this crucial level then intraday support is seen in the range of 5530-5480 while any correction may lead it towards 5630-5650.

Major Market News:

Sensex down 64 points; mid and small-caps outperform.
Maruti jumps on hopes weaker yen to reduce import cost.
DLF to sell two windmill projects for Rs 241 cr.
L&T bags orders worth Rs 2,000 crore in March.
Adani Power falls as Haryana govt to challenge CERC order.