Sunday 4 January 2015

Weekly Analysis on Equity Market

www.researchvia.com

NEWS INSIGHT
  • Sensex ends nearly 400 points up; Nifty ends shy of 8,400.
  • Modi raises solar investment target to $100 bn by '22.
  • Tata Steel resumes operations at Noamundi mine.
  • Suzuki Motorcycle sales up 43% in December.
  • Banks open 10.3 cr a/cs under Jan Dhan Yojna so far.
  • China builds world's largest coal unit to make power.
NIFTY ANALYSIS
  • Positional Support for NIFTY 8290.
  • Positional Resistance of NIFTY is 8600.
  • Immediate resistance for NIFTY is 8445.
  • Intraday Support of NIFTY is 8340/8315.
  • Oscillator Analysis The oscillator is showing buying signal.
  • Nifty has formed a very strong Marubozu and has taken closing near to high. WE can expect current upward rally to continue supported by heavy volume in coming week.

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