Market may open Positive global Markets.Nifty sup at 5072 and res at 5182.
Strategy:
N.A
Support/Resistance:
S1
S2
R1
R2
SENSEX
16933
16867
17056
17121
NIFTY
5069
5049
5108
5128
Stocks to watch:
Sun tv, petronet ing,united phosphours
Results to watch:
Na
Positive Breakout:
(Major Stocks passed 200,50 day DMA onupside in last trading session)*
Reliance, Infosys, TCS, Axis Bank, IDBI Bank, ITC
Negative Breakout:
(Major Stocks passed 200,50day DMA on downsidein last trading)* session)*
N.A
Positives:
vHigher advance tax payment by India Inc, Expectation of strong Q3 no.
Negative:
Expectation of tightening of monetary policy.
GLOBALMARKETS:
vAsianMarkets were Positive in today’s trade.
SCRIPT
VALUE
CHANGE
%CHANGE
UP
DOWN
TOPIX
924.55
13.74
1.51
Up
HANG SENG
21189.74
401.77
1.93
Up
SINGAPORE STRAITS
2829.74
39.45
1.41
Up
NIKKEI
10551.30
182.74
1.76
Up
KOSPI
Na
Na
Na
TAIWAN INDEX
Na
Na
Na
Dow Jones
vDow Jones was volatile in yesterday’s trade.It opened on apositive note but failed to sustain the higher levels. Profit booking waswitnessed at higher levels.
vIt ended the day at 10566.20 up 122.06 points.
vDollar strengthened against Euroon a possibility of no rate cut in near future.
