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2. INDEX SPOT OPEN CLOSE FLUCTUATION
SENSEX 24620.39 24717.99 94.65
NIFTY 7484.85 7510.20 24.05
BANK NIFTY 15133.75 15168.20 12.45
The market bounced back amid consolidation on Friday, majorly
supported by Europe and crude oil rally but the broader markets ended
flat. The 30-share BSE Sensex rose 94.65 points to 24717.99. The
50-share NSE Nifty managed to get back above 7500 mark after roller
coaster ride, up 24.05 points to 7510.20. The market breadth remained
weak as about 1459 shares declined against 1104 advancing shares on
the BSE.
Read more at:
http://www.moneycontrol.com/news/local-markets/europe-oil-rally-he
lps-sensex-rebound-95-pts-cairn-jumps-45_5855181.html?utm_source
=ref_article
MARKET INFO
TODAY’S MARKET FLOW
3. TODAY’S NEWS POINTS
Dr Reddy's, TR-Pharm announce collaboration for 3
biosimilars
Money-laundering, service tax cases against Mallya stack up
Tata Motors arm ready to market industrial robot
India, Middle East countries in talks on oil-for-food scheme
HCC bags contract worth Rs 635 cr from NTPC in Uttarakhand
TCS certified as top employer in US for 2nd straight year
Indian firms plan to sign oil deals with Rosneft next week: Srcs
See 20% sales jump, margin gain from new aircrafts:
InterGlobe
Retail to contribute 40-45% in revenues by FY18: KEI Ind
Tablet sales in India up 8% in 2015: IDC
Colgate extends restructuring programme, to cut more jobs
5. SCRIPTS S-1 S-2
PIVOT
POINT
R-1 R-2
NIFTY 7465 7421 7504 7548 7587
BANK NIFTY 15013 14859 15178 15332 15497
FORECASTING FOR TOMORROW
MARKET
Market is likely to be open in green as Nifty is positive and end up
above the resistance level of 7500.Today Nifty able to sustain
above 7500 and also close above 7500. Nifty will open in green
and heading towards level of 7700 in next week. From past two
days market first open in green then follow negative trend and
after 11.30 market follow positive trend but in next week market
is looking positive and heading towards 7700 level and in short
term market is positive with some correction ahead.
DAILY PIVOTS
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