Sunday 1 February 2015

02/02/2015 EQUITY WEEKLY MARKET ANALYSIS

NEWS INSIGHT

Sensex falls 499 points after hitting record high; Nifty holds 8800
CIL mega share sale sails through; government to get Rs 22,600 crore
RBI seen holding rates steady on Feb 3; some analysts expect a cut
NTPC Q3 profit rises 7.4% to Rs 3,074 cr, revenue flat
Dabur Q3 profit jumps 16.4% to Rs 282.8 cr, meets forecast
Spicejet deal raises multiple questions for SEBI
Long tenured tax free bonds may come back in Budget 2015

NIFTY ANALYSIS

Positional Resistance of NIFTY is 8990
Immediate resistance for NIFTY is 8868
Intraday Support of NIFTY is 8775
Oscillator Analysis The oscillator is showing Consolidation
Nifty has made a low of 8775.10 on Friday which was similar to the high of 8774. Thus, a new support has formed at 8775. Buying should be attempted with SL of 8775 for target of 8950.

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