EQUITY MARKET SNAPSHOT - 30-10-2012

• ·        in today’s trade, index witnessed another range bound session and CLOSED UNCHANGED in the end. it traded in last session’s range and tested almost both the extremes. technically, the consolidation is now getting narrower so the next two sessions would be decisive for the next directional move.
  
  
  
  ·        STOCKS WITH BULLISH BIAS FOR THE NEXT TRADING SESSION
  ARVIND, BHARTIARTL, BIOCON, HDFCBANK, IDEA, RAYMOND, TATAPOWER & TECHM
  
  
  ·        STOCKS WITH BEARISH BIAS FOR THE NEXT TRADING SESSION
  AUROPHARMA, LT, MARUTI, STER & UNIONBANK
  
  
  ·        ADVANCE/DECLINE NUMBERS (NSE)
  ADVANCE            – 562                    
  DECLINE               – 939    
  
  
  ·        SECTORS PERFORMANCE
  IN LINE WITH CLOSING ON BROADER FRONT, MAJORITY OF SECTORIAL PIVOTS CLOSED ON FLAT NOTE.
   
  ·        GLOBAL MARKET UPDATE (*at 5:00 pm IST)
  US MARKETS                     -NEGATIVE (CLOSED ON ACCOUNT OF HURRICANE SANDY)
  EUROPEAN MARKETS    - NEGATIVE
  ASIAN MARKETS              - NEGATIVE
  
  
  ·        RECOMMENDATION OF THE DAY
  
  
  RAYMOND LTP RS 381.60 BUY BETWEEN RS 376-378 STOPLOSS RS 369 TARGET RS 398 (SPOT LEVELS) FOR 5-8 TRADING SESSIONS
  
  
  ·        NIFTY INTRADAY LEVELS
  Sup – 5630-5600    Res –5690-5730

Posted in: EQUITY MARKET SNAPSHOT