Sunday 8 February 2015

09/02/2015 WEEKLY MARKET ANALYSIS ON EQUITY

NEWS INSIGHT
  • Sensex falls 133 pts, Delhi polls eyed; Tata Motors tanks.
  • Forex reserves rise to $327.88 bn as of Jan 30: RBI
  • Tata Motors stock down 5%; m-cap dips Rs10,540cr
  • SpiceJet reports 'good' beginning in its SME scheme
NIFTY ANALYSIS
  • Positional Support for NIFTY 8600
  • Positional Resistance of NIFTY is 8800
  • Immediate resistance for NIFTY is 8720
  • Intraday Support of NIFTY is 8640
  • Nifty Updates: Nifty has closed on a negative note however closing is above the 21 days moving average indicating a reversal in trend. Political scenario and Delhi election will also affect the market in long run.

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