EQUITY MARKET SNAPSHOT - 29-10-2012

• ·        for the third consecutive week, index closed on the flat note as it failed to witness either side break from the prevailing range of 5630-5725 level. in today’s session, it almost retested the lower level of the range but rebound marginally from thereon. technically, the next week may see the required break and provide clarity over the next direction move.
  
  
  
  ·        STOCKS WITH BULLISH BIAS FOR THE NEXT TRADING SESSION
  ACC, ASIANPAINT, BAJAJAUTO, BHEL, MARUTI & PEL
  
  
  ·        STOCKS WITH BEARISH BIAS FOR THE NEXT TRADING SESSION
  HDIL, HINDUNILVR, IGL, INDIACEM, MCDOWELL-N & SYNDIBANK
  
  
  ·        ADVANCE/DECLINE NUMBERS (NSE)
  ADVANCE            – 457                    
  DECLINE               – 1045  
  
  
  ·        SECTORS PERFORMANCE
  ON THE SECTORIAL FRONT, CONSUMER DURABLES, FMCG, HEALTHCARE AND PSU WERE THE TOP LOSERS IN TODAY’S SESSION; DOWN BY 2.84, 1.78, 1.20 AND 1.15 RESPECTIVELY.
   
  ·        GLOBAL MARKET UPDATE (*at 5:00 pm IST)
  US MARKETS                     -NEGATIVE
  EUROPEAN MARKETS    - MIXED
  ASIAN MARKETS              - NEGATIVE
  
  
  ·        RECOMMENDATION OF THE DAY
  
  
  TATACHEM LTP RS 324.40 BUY BETWEEN RS 322-323 STOPLOSS RS 314 TARGET RS 344 (SPOT LEVELS) FOR 5-8 TRADING SESSIONS
  
  
  ·        NIFTY INTRADAY LEVELS
  Sup – 5630-5600    Res –5690-5730

Posted in: EQUITY MARKET SNAPSHOT