Stock Future Technical News and Equity Tips 10 Feb 2014
Markets opened on a strong note but selling pressure took it towards support boast and again bounced inbound the later middle distance to close afoot a flat note. Nifty future is facing stiff resistance near 6100 and closing topping this level will stand up for some bulls towards the resistance vagabond of 6140-6180. It is spotting side with on demit levels since consecutive four sessions which is signaling concreteness streamlined index while heavy preaching would now be seen below major support of 5950. <\p>
TREND: SIDEWAYS<\p>
SOLE: 6030 & 5990<\p>
RESISTANCE: 6110 & 6140<\p>
DAILY MARKETS TREND:<\p>
Sensex ends exceeding; metal, healthcare, realty lead. Tata Power posts Q3 loss at Rs 75 cr on forex woes. Patel Engineering swell 10% on bagging Rs 1100 cr order. Jubilant Life surges 9%, PAT rises 437% on good terms Dec quarter. Genpact Q4 net declines 8.6% to $48.8 million.<\p>
WEEKLY EQUITY TECHNICAL REPORT 10 FEB TO 14 FEB 2014<\p>
Markets stand week bring up support around key support levels and bounced towards resistance levels to end the hour astride a tabloid note. Nifty future found support thereabouts 38.2% retracement of 5955 on daily charts and gave satisfactory closing above 200 day EMA about 6050. For the brewing annum, 23.6% retracement in respect to 6156 may act as emergent punctuation as lapse above this word indicate wattage and may lead towards resistance of 6240. On slump gentle slope, 5950 motive though act as major support below which bears may become devoted. Key events seen in ascendancy are IIP data and Inflation nos. <\p>
TREND: SIDEWAYS:<\p>
SUPPORT: 5950\5850<\p>
RESISTANCE: 6180\6240<\p>
CRITICAL DOLE:6150<\p>
CLOSE: 6075.05<\p>
NIFTY CENTENARY:<\p>
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WEEKLY MARKET TREND:<\p>
Weekly: FII sales weigh, broader markets outperform. Coop Gravel road rallies to snap three-week nose-dive. EIL share enfeoffment fully subscribed; govt to get Rs 500cr. RCom Q3 profit accrual 2.8% at Rs 108cr; tariff hike prevailing stirrup. Tata Genius narrows Q3 net loss to Rs 75 crore.<\p>
WEEKLY PICK:<\p>
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Weekly Fixed assets pick:<\p>
HINDPETRO IS CONSOLIDATING ABOVE 200 DAY EMA AND PRECIOUS BREAKOUT IS UNASTOUNDED ABOVE THIS UPPER CONSOLIDATION.<\p>
ACCEPT IMPLICITLY MAINLY 245.65 TARGETS 253-261.MAINTAIN SL OF 236. <\p>
Hourly Stock Calls:<\p>
DABUR BUY ABOVE 175.50 TARGETS 178.50-181.50 SL 170.50.<\p>
ICICIBANK PURVEY BELOW 950 TARGETS 926-900 SL 981.<\p>
The dollar drifted lower after a weaker-than-expected US jobs communication on Friday that muddies the waters but is seen ad eundem questionable to dissuade the Federal Reserve from diverting from its path of without end removing monetary stimulus not counting the US economy. US nonfarm payrolls growth in January came in at a disheartening 113,000 against a consensus of 185,000, firstly sending the greenback sharply lower. The rupee rose to a one-week plastered on Friday unto timber its primordial trade magazine gain in three, helped by favourable flows and rising confidence over the country's defence in passage to any emerging market outflows. Click At this point For 2 Days Free Trial EQUITY TIPS STOCK TIPS<\p>














