EQUITY MARKET SNAPSHOT 31-10-2012

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• ·        in fourth week of range bound move, index finally slipped below the lower level of the prevailing range i.e. 5630-5725 levels resultant breakdown. it lost more than a percent and closed below 5600 level; triggering short term reversal in our trend sheet as well. going forward, 5480-5530 zone would be crucial on the downside while 5650-5725 will act as hurdle in case of any bounce.
  
  
  
  ·        STOCKS WITH BULLISH BIAS FOR THE NEXT TRADING SESSION
  APOLLOTYRE, BHUSANSTL, CAIRN, COLPAL, DISHTV & SRTRANSFIN
  
  
  ·        STOCKS WITH BEARISH BIAS FOR THE NEXT TRADING SESSION
  CENTURYTEX, GAIL, HINDPETRO & SCI
  
  
  ·        ADVANCE/DECLINE NUMBERS (NSE)
  ADVANCE            – 425                    
  DECLINE               – 1082  
  
  
  ·        SECTORS PERFORMANCE
  ON SECTORIAL FRONT, BANKEX, REALTY, CONSUMER DURABLE AND CAPITAL GOODS PIVOT WERE THE TOP LOSERES; DOWN BY MORE THAN TWO PERCENT EACH.
   
  ·        GLOBAL MARKET UPDATE (*at 5:00 pm IST)
  US MARKETS                      - CLOSED
  EUROPEAN MARKETS    - POSITIVE
  ASIAN MARKETS              - MIXED
  
  
  ·        RECOMMENDATION OF THE DAY
  
  
  BIOCON LTP RS 259.20 SELL BETWEEN RS 261-262 STOPLOSS RS 267 TARGET RS 244 (SPOT LEVELS) FOR 5-8 TRADING SESSIONS
  
  
  ·        NIFTY INTRADAY LEVELS
  Sup – 5580-5540    Res –5630-5660

Posted in: EQUITY MARKET SNAPSHOT