Friday 8 February 2013

Market Updates and Stock Future Tips

BUY BANK NIFTY 12400 CALL ABOVE 200

TG-215/235/265

SL-170






Rupees Update:

The rupee extends losses for third session. The pair is at 53.44/45 versus 53.22/23 close on Thursday. Dollar demand for oil refiners will be watched at lower levels, and stock market performance will be key.

Private bank dealer says 53.20 should hold on downside with 53.58-61 first resistance and 53.75-78 next level to watch.

FY14 growth seen near 5.5%; low credit offtake dents show

Finance ministry today said CSO's economic growth projection of 5 per cent for the current fiscal is below expectations and the government will continue efforts to revive the economy. "The CSO's growth estimate, no doubt, is below what we had expected it to be. We are keeping a watch on the situation. We have taken and we will continue to take appropriate measure to revive growth," the ministry said in a statement.


Stock Future Tips

BUY MRF FUTURES ABOVE 13550

TG-13585/13650 

SL-13499 

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