Friday 20 March 2015

WEEKLY EQUITY MARKET ANALYSIS 23/03/2015

NEWS INSIGHT
  1. Sensex closes 200 points down; Wipro up 3%; NTPC, Bhel top losers
  2. HMT plunges 10%; govt is shutting sick PSUs
  3. Sugar turns sour on Street, stocks fall upto 6%
  4. Emami falls about 6% after UBS downgrade
  5. GoDaddy's IPO to value co @ $2.87 billion
  6. Nestle India slips 2%, thank UBS downgrade
  7. BHEL down 3%; FY15 results may disappoint
  8. Tata Motors falls over 2% as JLR recalls units.
NIFTY ANALYSIS
Oscillator Analysis Nifty has taken closing below the 200 days EMA. A spinning top has formed on 4 hourly chart but again closing is below the 200 days EMA. There is no strength for market ion buying and sell on rise strategy should be followed by investors. 

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