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2. INDEX SPOT OPEN CLOSE FLUCTUATION
SENSEX 23850.41 23410.18 378.61
NIFTY 7240.30 7109.55 125.00
BANK NIFTY 14373.30 14008.35 376.45
At the start of the market Nifty open nearly 5 points up at 7240.30 and
gradually flow with the downward trend as Nifty break the level of 7150
and after that it’s very difficult for Nifty to gain and at the later stage
after 2 pm Nifty try to gain some points as there is support as per gap
theory but eventually Nifty can’t able to find any positive out of it and
end up by making new low of 7090.70 at 7109.55 with loss of 125. 00
points.
MARKET INFO
TODAY’S MARKET FLOW
3. TODAY’S NEWS POINTS
NTPC shares fall over 3% as Rs 5000-cr offer for sale opens
Coal India's supply to power sector up 7% at 336 MT in
Apr-Jan
Virtusa gets CCI nod to acquire 53% stake in Polaris
Apollo Hospitals issues letter of comfort for Alliance Dental
Ricoh India wins order worth Rs 344 crore from Kerala govt
Ricoh India wins order worth Rs 344 crore from Kerala govt
Positive impact of $5-6/bbl if cess on crude is removed: ONGC
Merrill Lynch Capital Markets sell 0.27% stake in HDIL
Thermax bags Rs 353 crore order from RCF
Fairfax Financial to raise $536.42 mn via equity issuance
Essel Financial launches 2nd RE fund; to raise Rs 250 crore
4. SCRIPTS
PREVIOUS
CLOSE
LATEST PRICE CHANGE % GAI5N
ASIAN PAINTS 870.85 877.10 6.25 0.72%
ONGC 214.40 214.60 0.20 0.09%
SCRIPTS
PREVIOUS
CLOSE
LATEST PRICE CHANGE % LOSS
BANK OF BARODA 139.25 132.80 6.45 4.63%
CAIRN INDIA 131.80 126.10 5.70 4.32%
SBI 164.95 158.30 6.65 4.23%
COAL INDIA 313.90 101.60 12.30 3.92%
PNB 75.55 72.65 290 3.84%
TODAY’S GAINERS
TODAY’S LOOSER
5. SCRIPTS S-1 S-2
PIVOT
POINT
R-1 R-2
NIFTY 7052 6995 7146 7203 7297
BANK NIFTY 13855 13702 14114 14267 14526
FORECASTING FOR TOMORROW
MARKET
Market is likely to be open flat but as Nifty give closing below the
support level, which makes Nifty weak on the charts. ADX and
Stochastic is also negative about Nifty, so we can aspect Nifty
falling even on Wednesday trade. But there is chance for
investors and traders who want Nifty to be in Long position as
Nifty has a trend line support at 7050-7070 and there is also pivot
point support at 7052. Buyers can make their position when Nifty
is around 7050-7070 but buyers bewares as Budget is near and
which make Nifty to further bleed if Budget is against the market
sentiments and conditions. Wednesday starting hour is very
important as it will decide market movement for the day.
DAILY PIVOTS
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