2. NIFTY OUTLOOK
NIFTY DOWN: 483POINTS
Change: 0.70%
CLOSES AT: 6114
YESTERDAY NIFTY REMAIN IN DOWN TREND THROUGHOUT FIRST HALF OF DAY,AND THEN
SHOWED SOME UPWARD MOVEMENT AND TOWARDS THE END SESSIONCLOSES DOWN BY 43
POINT FROM PREVIOUS CLOSE. AS NIFTY VOILATED THE PRVIOUS HIGH AND CLOSES BELOW
THAT HIGH, THEREFOR TODAY’S OUTLOOK IS NEGATIVE
STRATEGY FOR NIFTY IS SELL ON RISE WITH VERY SMALL STOPLOSS
BANK NIFTY
OUTLOOK
NIFTY DOWN: 115 POINTS
PERCENTAGE: 0.87%
CLOSES AT: 13066
AS NIFTY BANK NIFTY ALSO REMAIN NEGATIVE TILL AFTERNOON WITH VERY TIGHT
MOVEMENT AND IN LATER HALF MOVES UP SHARPLY AND TOWARDS THE END SESSION
CLOSES DOWN WITH 115 POINT IN MINUS.
PROBABLY BANK NIFTY WILL SHOW SOME NEGATIVE TREND TODAY AS IT IS BELOW ITS
PREVIOUS HIGH .
STRATEGY FOR BANK NIFTY IS TO SELL AROUND 13110 AND TO BOOK PROFIT AROUND
12800 WITH SL OF 13250.
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NEWS AT GLANCE
Auto makers also fell after recent gains. Tata Motors Ltd lost
3 percent, marking its lowest close since May 6, while Maruti
Suzuki India Ltd fell 2.6 percent after hitting its all-time high
of 1,774.40 rupees on Monday
The benchmark BSE index fell 0.56 percent, or 112.37 points,
to end at
Among blue-chips, ITC Ltd fell 1.1 percent, marking its fourth
day of declines
Divi's LaboratoriesBSE -7.29 % Ltd slumped 7 percent after
its Marchquarter profit fell 16.6 percent, lagging analysts
estimates fourth day of O on SX40 from May 15
4. Support and Resistance
Nifty
Technical
Outloook
• RSI : 61.49
• MACD : 93.63
• 200EMA : 5738
• CANDELISTIC : NEGATIVE RED
• TREND : DOWN
• OUTLOOK : NEGATIVE
6085 6050 6138 6169 6225
Support 1 Support2 Pivot point Resistance1 Resistance2
NIFTY KEY LEVELS
5. FUTURE
SCRIP BUY/SELL @ TRGT STOPLOSS
KTK BANK SELL 148 145 150
CENTURY SELL 320 315 325
HDIL SELL 58.50 57 59.50
CASH
SCRIP BUY/SELL @ TRGT STOPLOSS
ADANI SELL 240 232 245
APOLLO
TYRE
SELL 91.50 90 92.50
BATAINDIA SELL 810 790 820
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