Sunday, 12 June 2011


MARKET REMAIN IN NARROW RANGE. SENSEX ALMOST CLOSE FLAT -0.59 % & NIFTY CLOSE -0.56 %.  NO ONE INTERESTED IN MARKET NEITHER RETAIL INVESTORS, TRADERS & FII. FII REMAIN NET SELLER IN LAST WK & FII VOLUME ALSO VERY
LOW. ON OTHER HAND DII REMAIN NET BUYERS. FII WKLY NET POSITIONAL IN CASH DN 233.43 CR. DII WKLY NET POSITIONAL IN CASH UP 647.70 CR. WKLY INFLATION AGAIN GO UP, EARLY MANSOON DOESN'T GAVE ANY RELIEF TO MARKET.DECREASE IN IIP DATA DRAG MARKET DOWN. RBI MONETARY POLICY MEETING WILL HELD NEXT WEEK MARKER EXPECTING 25 BASIS POINT RATE HIKE. IT COULD DECIDE THE NEXT MOVEMENT OF MARKET. IF IT DOES THEN WE WILL SEE SELLING PRESSURE ON BANKING & REAL ESTATE STOCKS.
  NIFTY MADE HIGH OF 5570.10 BUT AGAIN FAILED TO SUSTAIN 200 DEMA & NIFTY CLOSE BELOW 20 DEMA & 7 DEMA LEVEL.NIFTY HAS GOOD SUPPORT AROUND 5440 IF IT WILL BRECK THN 5400-5365-5330 ARE SUPPORT AREA. & 5440 LEVEL SUSTAIN
THN BOUNCE BACK SEEN UP TO 5510-5570-5600.


STOCK TO WATCH FOR NEXT WEEK :

RELIANCE SPRT 938-934-928. RSTNCE 946-950-954.
SBI SPRT 2220-2185-2165. RSTNCE 2281-2305-2345.
LT SPRT 1660-1640-1600. RSTNCE 1708-1735-1765.
TATA STEEL SPRT 564-560-556. RSTNCE 574-578-581.
TATA MOTORS SPRT 1003-970-930. RSTNCE 1035-1055-1085.


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