EQUITY MARKET SNAPSHOT - 5-11-2012

·       despite breakdown from the congestion zone of 5630-5725 on second day of the week,subsequent rebound in last three sessions resultant gain of more than half a percent on weekly basis and added to the possibility of reversal in trend from down to up.  It should close above 5750 levels to confirm the negaTion of the breakdown.

·       STOCKS WITH BULLISH BIAS FOR THE NEXT TRADING SESSION

CENTURYTEX, DENABANK, HEXAWARE, LUPIN & PETRONET

·       STOCKS WITH BEARISH BIAS FOR THE NEXT TRADING SESSION

FEDERALBANK, MCDOWELL-N & PEL

·       ADVANCE/DECLINE NUMBERS (NSE)

ADVANCE            – 887                    

DECLINE               – 622    

·       SECTORS PERFORMANCE

CAPITAL GOODS, PSU, AUTO AND BANKEX WERE THE TOP GAINER ON SECTORIAL FRONT; UP BY MORE THAN A PERCENT EACH.

 

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

US MARKETS                     - MIXED

EUROPEAN MARKETS    - MIXED

ASIAN MARKETS               - POSITIVE

·       RECOMMENDATION OF THE DAY

DISHTV LTP RS 74.85 BUY BETWEEN RS 74-74.30 STOPLOSS RS 72 TARGET RS 83 (SPOT LEVELS) FOR 5-8 TRADING SESSIONS

·       NIFTY INTRADAY LEVELS

Sup – 5670-5650    Res –5725-5750

Posted in: EQUITY MARKET SNAPSHOT