The document provides a technical analysis and outlook for the Nifty, Bank Nifty, and various stocks. It notes that the Nifty has resistance at 5,870 and support at 5,800, while Bank Nifty has resistance at 12,050 and support at 11,830. It also lists support and resistance levels for 50 stocks. Intraday calls are given for CIPLA, Union Bank, ITC as bullish and NTPC, ACC, TCS as bearish. The document is from Cash Cow Broking & Advisory Solution and provides this information along with disclaimers.
2. Technical Research Team
Cash Cow Broking & Advisory Solution (research@cashcowba.com)
Nifty Technical Outlook
Action: Nifty has an immediate
resistance at 5,870 levels and
decisive close above expect rise to 5,950 levels.
Bank Nifty Outlook
Action: Nifty has an immediate
resistance at 12,050 levels and
decisive close below expect rise to 11830 levels.
Market Review:
Indian equity ended up around 0.74% yesterday. The RBI kept the policy rate unchanged but slightly better than expected,
trade deficit for the month of May saved the day. According to the government data released today India’s May trade deficit
widened to $20.1 billion from $17.8 billion a month ago. In May the Gold and silver imports increased around 90% YoY to $8.4
billion last month but it is slower than an annual 138% surge in April.At the close, the benchmark 30-share index, BSE Sensex
added 147.9 points or 0.77% at 19325.8. Meanwhile, the broad based NSE Nifty went up by 41.6 points or 0.72% at 5850.05.
NIFTY TIPS:Nifty has managed to close
above the recent hurdles of 5,820 which is
a bullish signal. The index has strong
support at 5,800 levels on the downside.
There is an immediate resistance at 5,870
levels and on a decisive close above expect
rise to 5,920 & 5,950 levels.
Intraday Tips: Bank Nifty faces immediate
resistance around the 12,050 levels on the
upside and on a decisive close aboveexpect
rise to 12,260 & 12,320 levels. There is an
Immediate Support at 11,830 levels on the
downside.
5. Technical Research Team
Cash Cow Broking & Advisory Solution (research@cashcowba.com)
Today Intraday Calls in Stock future are as below:
Stocks in Bullish Zone:
[CIPLA ,UNION BANK, ITC]
Stocks in Bearish Zone:
[NTPC,ACC,TCS]
Disclaimer:
The information contained here was gathered from sources deemed reliable; however, no claim is made as to
accuracy or content. This does not contain specific recommendations to buy or sell at particular prices or time,
nor should any examples presented be deemed as such. There is a risk of loss in stock trading/share market and
you should carefully consider your financial position before making a trade. This is not, nor is it intended, to be a
complete study of chart patterns or technical analysis and should not be deemed as such. Cash Cow Broking &
Advisory Solution. Does not guarantee that such information is accurate or complete and it should not be relied
upon as such. Any opinions expressed reflect judgments at this date and are subject to change without notice.
For use at the sole discretion of the investor without any liability on Cash Cow Broking & Advisory Solution
Cash Cow Broking & Advisory Solution
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Direct : 0731 6008100
Mail us : helpdesk@cashcowba.com
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![[cash cow broking & advisory solution]
2013
Equity daily Report
Nifty News, Equity Tips & Intraday Calls
Cash Cow Research
www.cashcowba.com | Email:](https://image.slidesharecdn.com/132004equitydailyreportcashcow18-6-131-130618105300-phpapp01/85/Equity-daily-report-18-june-2013-1-320.jpg)
