Equity Aanalysis Market News And Stock Tips 05 Feb 2014
TriFid provides you assistance in Equity,Commodity,Forex and Comex,whether intraday or positional trading in-depth company reports, complex financial models, market summaries, and other investment research supports are also available.
109/B, Corporate House , 169, RNT Marg, Indore (M.P.), India (I-Newswire) February 5, 2014 - Markets opened on a negative note and violated the crucial support level; thereafter rebounded towards immediate resistance levels to close flat with positive bias. Nifty future breached the key level of 5980 and strong pull back was seen towards 6050 and closed on a satisfactory note with reversing candlestick pattern on daily charts. Sustaining above 200 day EMA of 6050 may lead towards 6120 mark and 5990 will act as important support.
SUPPORT: 5990 & 5950
RESISTANCE: 6080 & 6120
DAILY MARKETS TREND:
Sensex ends tad higher; banks, FMCG, realty gain.
Asian shares skid, but dollar regains some traction.
Idea Cellular says gets access to disputed regional permits.
Tech Mahindra Q3 net profit up 38% on exceptional gain.
Bharat Forge Q3 net doubles to Rs 94 cr, margin up 460 bps.
Markets were badly hit last week taking cues from overseas investor flows and the weakening in rupee after a U.S. Federal Reserve taper-induced emerging market rout led the indices to mark their lowest levels since November. Nifty future on weekly charts surpassed the key support of 6150 and closed below it. If rupee weakness continues then next crucial point seen for index is around 5980. However, 6210 is seen as important resistance for it and any closing above it can only confirm strength in nifty.
SUPPORT : 5980/5870
RESISTANCE : 6240/6370
CRUCIAL POINT : 5980
CLOSE : 6112
Click Here For 2 Days Free Trial EQUITY TIPS STOCK TIPS
About Trifid Research Pvt Ltd.
Trifid Research Pvt Ltd.
Phone : 887 899 8007
Published On:February 5, 2014
Print Release:Print Release
If you have questions regarding information in this press release contact the company listed above. I-Newswire.com is a press release service and not the author of this press release.The information that is on or available through this site is for informational purposes only and speaks only as of the particular date or dates of that information. As some companies and PR Agencies submit their press releases once per week,month or quarter, make sure to check the official company website for accurate release dates as our site displays the I-Newswire.com press release distribution date only.We do not guarantee the accuracy or completeness of information on or available through this site, and we are not responsible for or omissions in that information or for actions taken in reliance on that information.
Estate Coordination Supports You in Your Estate Planning and Asset Protection
Vision Graphics Inc. Announces Further Market Expansion by Moving Headquarters to Denver, CO
Q1 Productions Hosting Inaugural Life Science Compliant Advertising and Promotion Conference
2nd Annual Kingdom Human Asset Management Summit Opens in Riyadh, Saudi Arabia
First Car Rental Achieves 2013/2014 Top 500 Best Managed Companies Status