EQUITY MARKET SNAPSHOT - 2-11-2012

·       for the second consecutive trade, index scaled further northward on the back of rebound and gained close to half a percent in the end. importantly, buying is noticable in cash segment as well though the volume is slightly below average. considering the rebound of last two sessions, we might see failure in latest breakdown from 5630-5725 range if it scales above the upper range in the near term so the next session would be crucial.

·       STOCKS WITH BULLISH BIAS FOR THE NEXT TRADING SESSION

ADANIENT, ADANIPOWER, APOLLOTYRE, ARVIND, JUBLFOOD & TATAPOWER

·       STOCKS WITH BEARISH BIAS FOR THE NEXT TRADING SESSION

HDFCBANK & JPPOWER

·       ADVANCE/DECLINE NUMBERS (NSE)

ADVANCE            – 948                    

DECLINE               – 540    

·       SECTORS PERFORMANCE

AMONG SECTORIAL PIVOT, CONSUMER DURABLES GAINED EXCEPTIONALLY WELL AS IT GAINED MORE THAN FIVE PERCENT FOLLOWED BY AUTO REALTY AND POWER PIVOT.

 

·       GLOBAL MARKET UPDATE (*at 5:00 pm IST)

US MARKETS                     - POSITIVE

EUROPEAN MARKETS    - POSITIVE

ASIAN MARKETS               - POSITIVE

·       RECOMMENDATION OF THE DAY

MCLEODRUSS LTP RS 302.60 BUY BETWEEN RS 294-297 STOPLOSS RS 290 TARGET RS 318 (SPOT LEVELS) FOR 5-8 TRADING SESSIONS

·       NIFTY INTRADAY LEVELS

Sup – 5600-5580    Res –5675-5720

Posted in: EQUITY MARKET SNAPSHOT