This wk mkt remain very volatile betwn 5600-5350. Monday we saw good upmove but once again mkt
resist at higher lvl arnd 5550-5600 level & 5400 on lower lvl. friday mkt manage to close blw 5400 (5373.70) lvl.
Monthly inflation fig rise (feb.) 8.31 % v/s (Jan.) 8.23 % (expctd blw 8 %) after tht it was expected tht RBI ll increase repo & reverce repo rate.On 17th RBI raise it by 25 basis point. Repo rate (Repo rate is the rate at which banks borrow from RBI) 6.75 % from 6.50% & Reverce repo rate (Reverse repo is the rate at which bank deposit the surplus money with RBI ) 5.75 & from 5.50 %. CRR remain unchange at 6 %. RBI declare tht march end inflation fig ll be arnd 8 %. higher than thr previous expctn arnd 7 %. We ll see more rate hike in this year. Higher price in crude oil & higher inflation become problem for RBI.
Volatility seen in Crude Oil also it fall from 105 $ to 96-97 $. Yestrday news came tht UNSC (United nations Security Council) Declare Libiya "NO FLYING ZONE" after tht Crude again go up & manage to close abv 101 $. (cmp 101.62 $.). Last night news came tht 'Libiya said it is ceasing military action & will start talks with rebels.'
FII wkly net psnal in cash dn 1224.01 Cr.
DII wkly net psnal in cash up 1629.84 Cr.
Nifty 200 DEMA 5589.37.
Nifty 50 DEMA 5554.19.
Nifty Sprt 5250-5300-5350.
Nifty Rstnce 5400-5435-5520-5555.
Stock to watch for nxt wk :
Reliance Sprt 985-970-950-930 Rstnce 1009-1030-1055-1090.
LT Sprt 1510-1470-1460 Rstnce 1550-1570-1610.
BHEL Sprt 1900-1850-1800 Rstnce 1970-2010-2070.
(more dwnside ll be seen if Bhel close blw 1900.).
Tata Motors Sprt 1110-1080-1040 Rstnce 1150-1170-1195-1240.
SBIN Sprt 2550-2500-2450 Rstnce 2670-2720-2770-2810.
Tata Steel Sprt 595-580-575 Rstnce 605-615-630.
(200 DEMA 603.09).
resist at higher lvl arnd 5550-5600 level & 5400 on lower lvl. friday mkt manage to close blw 5400 (5373.70) lvl.
Monthly inflation fig rise (feb.) 8.31 % v/s (Jan.) 8.23 % (expctd blw 8 %) after tht it was expected tht RBI ll increase repo & reverce repo rate.On 17th RBI raise it by 25 basis point. Repo rate (Repo rate is the rate at which banks borrow from RBI) 6.75 % from 6.50% & Reverce repo rate (Reverse repo is the rate at which bank deposit the surplus money with RBI ) 5.75 & from 5.50 %. CRR remain unchange at 6 %. RBI declare tht march end inflation fig ll be arnd 8 %. higher than thr previous expctn arnd 7 %. We ll see more rate hike in this year. Higher price in crude oil & higher inflation become problem for RBI.
Volatility seen in Crude Oil also it fall from 105 $ to 96-97 $. Yestrday news came tht UNSC (United nations Security Council) Declare Libiya "NO FLYING ZONE" after tht Crude again go up & manage to close abv 101 $. (cmp 101.62 $.). Last night news came tht 'Libiya said it is ceasing military action & will start talks with rebels.'
FII wkly net psnal in cash dn 1224.01 Cr.
DII wkly net psnal in cash up 1629.84 Cr.
Nifty 200 DEMA 5589.37.
Nifty 50 DEMA 5554.19.
Nifty Sprt 5250-5300-5350.
Nifty Rstnce 5400-5435-5520-5555.
Stock to watch for nxt wk :
Reliance Sprt 985-970-950-930 Rstnce 1009-1030-1055-1090.
LT Sprt 1510-1470-1460 Rstnce 1550-1570-1610.
BHEL Sprt 1900-1850-1800 Rstnce 1970-2010-2070.
(more dwnside ll be seen if Bhel close blw 1900.).
Tata Motors Sprt 1110-1080-1040 Rstnce 1150-1170-1195-1240.
SBIN Sprt 2550-2500-2450 Rstnce 2670-2720-2770-2810.
Tata Steel Sprt 595-580-575 Rstnce 605-615-630.
(200 DEMA 603.09).
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