FREE STOCK TIPS FOR TODAY
SHORT COAL INDIA @ 328 WITH STOPLOSS OF 332 TARGET 321 & 315
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Domestic market witnessed a firm trend and hopes about rate easing in coming sessions and positive global cues further sailed it to close on very firm note. Yesterday’s information about allowing direct entry of foreigners in capital market also helped the buying sentiments. Positive manufacturing growth from Australia, China and India added to optimism the region's economies will withstand Europe's unresolved sovereign-debt crisis. After a lull of last few sessions, today indices witnessed a wide based rally, wherein all Sectoral indices contributed in the upward momentum of benchmark indices. Firmness in Metal, Realty, capital goods and Banking fuelled the market. Firm trading of the Asian indices and the major European indices too infused bullish sentiments in our market. During its upward movement, Nifty breached the vital resistances of 4750, while Sensex regained its pivotal 15900 level. Gainers in today's session were led by metals and banks. At last, Sensex closed at 15939, up 421 points and Nifty ended at 4765, up 128 points from the previous close.
•Level wise, closing above the threshold 4750 levels may extend support to the bulls in the forthcoming sessions.
•Broader market witnessed strong positive sentiments, all segments, like large caps, small caps and midcaps were good positive. Owing to this firmness, bulls regained the control from bears and that’s too with good margin.
•Due to good buying Nifty stride significantly and re-conquered its vital 9, 14 day’s SMA placed at 4706 and 4686. but its closed below 50 & 100 day’s SMA placed at 4974 & 4962.
•Though, VIX, the barometer of uncertainty, corrected sharply and closed at 26+, yet it indicates a more than average volatility in market in the forthcoming sessions.
•RSI (14) for the session was at 49.40 levels and MACD closed above the signal line.
NIFTY LEVEL FOR TODAY
Resistance Level 1 - 4815
Resistance Level 2 - 4870
Support Level 1 - 4756
Support Level 2 - 4717
SHORT COAL INDIA @ 328 WITH STOPLOSS OF 332 TARGET 321 & 315
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MARKET OVERVIEW
Domestic market witnessed a firm trend and hopes about rate easing in coming sessions and positive global cues further sailed it to close on very firm note. Yesterday’s information about allowing direct entry of foreigners in capital market also helped the buying sentiments. Positive manufacturing growth from Australia, China and India added to optimism the region's economies will withstand Europe's unresolved sovereign-debt crisis. After a lull of last few sessions, today indices witnessed a wide based rally, wherein all Sectoral indices contributed in the upward momentum of benchmark indices. Firmness in Metal, Realty, capital goods and Banking fuelled the market. Firm trading of the Asian indices and the major European indices too infused bullish sentiments in our market. During its upward movement, Nifty breached the vital resistances of 4750, while Sensex regained its pivotal 15900 level. Gainers in today's session were led by metals and banks. At last, Sensex closed at 15939, up 421 points and Nifty ended at 4765, up 128 points from the previous close.
•Level wise, closing above the threshold 4750 levels may extend support to the bulls in the forthcoming sessions.
•Broader market witnessed strong positive sentiments, all segments, like large caps, small caps and midcaps were good positive. Owing to this firmness, bulls regained the control from bears and that’s too with good margin.
•Due to good buying Nifty stride significantly and re-conquered its vital 9, 14 day’s SMA placed at 4706 and 4686. but its closed below 50 & 100 day’s SMA placed at 4974 & 4962.
•Though, VIX, the barometer of uncertainty, corrected sharply and closed at 26+, yet it indicates a more than average volatility in market in the forthcoming sessions.
•RSI (14) for the session was at 49.40 levels and MACD closed above the signal line.
NIFTY LEVEL FOR TODAY
Resistance Level 1 - 4815
Resistance Level 2 - 4870
Support Level 1 - 4756
Support Level 2 - 4717
