Tuesday 5 March 2013

Market Outlook with nifty bank nifty trends


                                                           MARKET WRAP

 Sensex dropped 0.21%@18,877.96 pts; Nifty dropped 0.37%@5,698.50 pts. 

 European major indices CAC, FTSE & DAX were red from 0.24% to 0.53%. 

 Asian major indices Hang Seng was dropped 1.50%;Nikkei 225 was up 0.40%. 

Sensex dropped 40.56@18,877.96; Nifty dropped 21.20pts@5,698.50. Today market was extremely volatile fell on to close near 3-month lows, as global risk aversion sparked broad-based selling in metals and cement stocks & domestic blue chips, including in LNT. DLF & Reliance Infra down 3.4 % each also dragged the indices during the day. 


NIFTY OUTLOOK 

 Trend: - BEARISH , Resistance: - 5750, 5820
 Support: - 5630, 5570 , Strategy: - Buy on Dips



BANK NIFTY OUTLOOK 

 Trend: - BEARISH , Resistance: -11730, 11860
 Support: -11490, 11330,  Strategy: - Buy on Dips

Stock Picks for the day 




SELL ARVIND FUTURES BELOW 75 

TG-74/73.2 

SL-75.7 

SELL CESC LTD FUTURES BELOW 277 

TG-273.5/271 

SL-279.5

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