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Equity Weekly News 23 Dec To 03 Jan
Equity Weekly News 23 Dec To 03 Jan
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MARKET GOSSIPS
Benchmark indices closed in the green zone clocking 0.6% gains. World shares extend rally; US 10-year yield hits 3%. MCX, Financial Tech plunge on concerns over stake sale. Jaypee gets FMC nod to sell 5.30% stake in NCDEX to OmanIndia. Lanco Infratech may soon sign Rs 7500-crore CDR deal.
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NIFTY WEEKLY
Markets were caught in a range for second consecutive week with less volatility despite of F&O Expiry and settled on flat to positive note. Nifty future showed indecisiveness as no major movement was seen but it sustained on higher side for whole week. On weekly charts, if it leads then trend line may act as crucial mark for it i.e. around 6480. While, any correction may drag it towards the major support of 6250. Overall, indices are expected to move in broad range of 6420-6250.
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MARKET WATCH
Indices Change
INDEX VALUE PTS %
DATE
23-DEC-13 24-DEC-13 25-DEC-13 26-DEC-13 27-DEC-13
FII
DII
295.76
-159.85
STOCK
ASIANPAINT RANBAXY LAST UPDATE LAST UPDATE
BUY/SELL
SELL BUY
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TECHNICAL VIEW
BHARTIARTL IS CONSOLIDATING AROUND 100 DAY EMA FACING RESISTANCE OF TREND LINE ON DAILY CHARTS WHICH IS EXPECTED TO GIVE BREAKOUT. BUY ABOVE 332 TARGETS 342/352. MAINTAIN SL OF 318.
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