Only 3 trading session & low volume in market increase volatility. This wk Sensex remain flat with -0.33 %
& nifty with -0.30 %. On wednesday due to negative global cues market open with gap down but take
a support near at 5735 level & recover very sharply & manage to close above 5900 level. With very low
FII & DII figure. On friday Qtrly result start with infosys & Infosys number came below as market expectation & it close below 9 %. with this market loose it gains. Monthly inflation (march) fig came 8.98 % v/s 8.31 %. RBI ll meet first wk of may & we ll see 25 basis point hike in repo & reverse repo rate.
As last wk stated nifty made a DOJI on wkly chart & this wk nifty needs to be close below last wk
closing level & nifty manage this. Nifty trading range for next wk 5600-5950. Closing above 5950
ll take nifty towards 6100-6250.
Nifty support 5745-5675-5600.
Nifty resistance 5845-5910-5955.
FII wkly net psnal in cash dn 919.05 Cr.
DII wkly net psnal in cash dn 101.86 Cr.
We saw volatility in crude oil also. It fall from 113 $ to 106 level now closed at 109.45 $.
Gold move towards the 1500-1650-1750 $ level. Good support arnd 1440-1385 $.
Stock to watch for next wk. :
Reliance Sprt 1003-988-970 . Rstnce 1025-1055-1090.
LT Sprt 1695-1645-1590. Rstnce 1745-1795-1835.
BHEL Sprt 2185-2055-1960. Rstnce 2243-2350-2440.
& nifty with -0.30 %. On wednesday due to negative global cues market open with gap down but take
a support near at 5735 level & recover very sharply & manage to close above 5900 level. With very low
FII & DII figure. On friday Qtrly result start with infosys & Infosys number came below as market expectation & it close below 9 %. with this market loose it gains. Monthly inflation (march) fig came 8.98 % v/s 8.31 %. RBI ll meet first wk of may & we ll see 25 basis point hike in repo & reverse repo rate.
As last wk stated nifty made a DOJI on wkly chart & this wk nifty needs to be close below last wk
closing level & nifty manage this. Nifty trading range for next wk 5600-5950. Closing above 5950
ll take nifty towards 6100-6250.
Nifty support 5745-5675-5600.
Nifty resistance 5845-5910-5955.
FII wkly net psnal in cash dn 919.05 Cr.
DII wkly net psnal in cash dn 101.86 Cr.
We saw volatility in crude oil also. It fall from 113 $ to 106 level now closed at 109.45 $.
Gold move towards the 1500-1650-1750 $ level. Good support arnd 1440-1385 $.
Stock to watch for next wk. :
Reliance Sprt 1003-988-970 . Rstnce 1025-1055-1090.
LT Sprt 1695-1645-1590. Rstnce 1745-1795-1835.
BHEL Sprt 2185-2055-1960. Rstnce 2243-2350-2440.
