Market Keep its downwrd move this wk also. Sensex loose 3.23 % & nifty loose 3.44 % ths wk.
R.B.I. 50 basis point hike in Repo rate & Reverse Repo rate drag market down. Banking , Auto &
Reality stock help market to trade in lower range. We ll see some more rate hike in RBI next meeting. Thursday nifty breck its trend line support at 5500 & close below it but on friday manage to close abv this line with some modest gains. Next wk we ll see some more upmove in mkt. Nifty will resist arnd 5625-5700. Fresh upmove ll see only abv 5950 with good volume. support arnd 5470-5400-5300. below 5300 we ll see fresh downside movement. FII remain net sellers in market.
FII wkly net psnal dn 3876.66 Cr.
DII wkly net psnal up 3325.68 Cr.
Stock to watch :
Reliance Sprt 940-935. Rstnce 965-985.
LT Sprt 1530-1480. Rstnce 1575-1620.
BHEL Sprt 2020-1990. Rstnce 2065-2095.
R.B.I. 50 basis point hike in Repo rate & Reverse Repo rate drag market down. Banking , Auto &
Reality stock help market to trade in lower range. We ll see some more rate hike in RBI next meeting. Thursday nifty breck its trend line support at 5500 & close below it but on friday manage to close abv this line with some modest gains. Next wk we ll see some more upmove in mkt. Nifty will resist arnd 5625-5700. Fresh upmove ll see only abv 5950 with good volume. support arnd 5470-5400-5300. below 5300 we ll see fresh downside movement. FII remain net sellers in market.
FII wkly net psnal dn 3876.66 Cr.
DII wkly net psnal up 3325.68 Cr.
Stock to watch :
Reliance Sprt 940-935. Rstnce 965-985.
LT Sprt 1530-1480. Rstnce 1575-1620.
BHEL Sprt 2020-1990. Rstnce 2065-2095.
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