Thursday 7 February 2013

MARKET WRAP AND TRADING LEVELS


Sensex dropped 0.10% @ 19,639.72pts; Nifty gained 0.04% @ 5,959.20pts.

 European major FTSE was up0.43%, DAX was up0.02%; CAC dropped0.23%.

 NASDAQ was up 1.29 %, Dow Jones Industrial Ave. was up 0.71 %.

Sensex fell 20.10@19639.72; Nifty gained 2.30pts@5,959.20. Active participants refrained from long positions in the absence of fresh triggers, with HDFC gaining 1.1 % after cutting its prime lending rate, while NTPC slipped 2.4 % ahead of a share sale. IRB Infrastructure rose 4.5 percent as investors cheered better than expected net profit. 







NIFTY SPOT 

TREND-CONSOLIDATE
RESI 1: 6000
RESI 2: 6050
SUPP 1: 5930
SUPP 2: 5880
STRATEGY: SELL ON HIGHS


BANK NIFTY OUTLOOK 

Trend: - CONSOLIDATE   
Resistance: -12570, 12700 
Support: -12370, 12250 
Strategy: - Sell on High

 BUY PRESTIGE STATE PROJECTS ABOVE 193

 TG-194.5/196.5/199 

SL-191 



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