Tuesday 29 January 2013

NIFTY BANK NIFTY OUTLOOK FOR 29 JAN



  • Sensex closed up 0.90%@20103.53pts; Nifty gained 0.92%@6,074.65pts.  

  • European majors FTSE, CAC and DAX were up from 0.11% 0.97%. 

  • Asian market majors Hang Seng was red 0.08%; Nikkei 225 was up 2.88%. 


Sensex gained 179.75pts@20103.53; Nifty gained 55.30pts@6,074.65. Indian Equity benchmarks ended flat on Monday even select stocks notch smart gains, as traders avoided taking big positions ahead of the RBI policy review on Tuesday. Among rate sensitive stocks, ICICI Bank provisionally rose 1.7%, while SBI ended 0.94% lower.





NIFTY OUTLOOK 

   Trend: - CONSOLIDATE 
   Resistance: - 6120, 6200 
   Support: - 6020, 5980 
   Strategy: - Buy on Dips


BANK NIFTY OUTLOOK 

   Trend: - CONSOLIDATE   
   Resistance: -12880, 12980 
   Support: -12650, 12550 
   Strategy: - Buy on Dips 

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