Nifty (3677) SUPPORT-3658-3634-3612 RESISTANCE-3705-3735-3774 Nifty range 3658-3735 market should move up and 3700 above trading will give faster upside, with F&O rollover and results markets can have some big movement so place one self according. TOP 5GAINERS= ABB-DABUR-GRASIM-BPCL-HINDPETRO TOP5LOSER=BAJAJAUTO-ORIENTBANK-RANBAXY-RCOM-VSNL. P/E=21.06 p/b=4.75 adv=11 dec=39 NSE adv: 315 dec: 609 -vol-rs.7310crs
Sensex (12723) SUPPORT-12655-12568-12510 RESISTANCE-12820-12915-13025 Sensex has closed one gap and looks better, festival weekend so lack of interest will be seen but flow of results till now has been very good & many results are factored in the stock prices so look for opportunity which is always there in markets.
8dma=12673 13dma=12544 21dma=12447 34dma=12230 55dma=11887 OPEN=12881 HIGH=12925 LOW=12654 BSE adv: 999 dec: 1421 -vol-rs.3490crs
Fiis buyer rs.1007 crs & Mutual funds seller rs.176 on Wednesday, Fiis buyer rs.5453crs in Oct month and buyer rs.28267Crs in 2006, mutual fund seller rs.307crs in Oct month. F&O DATA Fiis sell rs.579crs in nifty future and sell rs.270crs in stock future on 19th October and provisional Fiis sell in cash rs.97crs source NSE website
Day That Ended: Markets opened strong to correct deeper with profit booking and some panic selling in anticipation of reliance posting negative growth but they have surprised markets with positive growth.
Outlook for Friday: Positive outlook with good internal and external factors and TATASTL will be watched carefully & as per BS the deal will be announced today. GDL is looking for a major breakout with long holidays are coming people wouldn’t carry there speculative position home.
Disclaimer: These recommendations are based on the theory of technical analysis and personal observations. This does not claim for profit. I am not responsible for any losses made by traders. It is only the outlook of the market with reference to its previous performance. You are advised to take your position with your sense and judgment. I am trying to consider the fundamental validity of stocks as far as possible, but demand and supply affects it with vision variations.
http://www.businessstandard.com/common/storypage_c.php?leftnm=10&bKeyFlag=BO&autono=262433&chkFlg Tatas to pay $1 bn cash, Corus backs bid .
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