Wednesday 16 January 2013

OUR DAILY EQUITY REPORT 16 JAN


MARKET  WRAP



  • Sensex closed up 0.40%@19,986.82 pts; Nifty gained 0.54%@6,056.60 pts.  

  • European market majors CAC, DAX & FTSE were up from 0.07% -0.26 %.  

  • NASDAQ was red by 0.26% & Dow Jones Industrial Avg. was up by 0.14 %. 


Sensex gained 80.41pts@19,986.82; Nifty gained 32.55pts@6,056.60. Strong corporate earnings reported so far and expectations of a generous rate cut by the RBI lifted Sensex & Nifty to a two-year high, as Indian share defied the subdued mood in global markets. It was Axis Bank's turn to surprise market with better-than-expected Q3 nos.


NIFTY OUTLOOK 

   Trend: - BULLISH   
   Resistance: - 6080, 6120 
   Support: - 6020, 5960 
   Strategy: - Buy on Dips 


BANK NIFTY OUTLOOK 

   Trend: - BULLISH   
   Resistance: -13000, 13150 
   Support: -12800, 12650 
   Strategy: - Buy on Dips

VISIT OUR SITE TO GET THE DAILY REPORT ON EQUITY MARKET ALONG WITH THE TECHNICAL ANALYSIS AND CHARTS AND GRAPHS 

http://www.theequicom.com/reports_files/DAILY%20NEWS%20LETTER%2016Jan2013.pdf 

OR CALL US HERE


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