Monday, 24 February 2014

Equity Trading Tips for the Week as on February 24, 2014

NEWS INSIGHT

  • SBI Q3 net falls 34% to Rs 2234 cr, asset quality weakens
  • Reliance Jio pays Rs 11054 cr for licences in 14 circles
  • Aim 70% export growth; may open more units abroad: Cipla
  • See FY15 profits around Rs 18-20 crore: Kohinoor Foods
  • Expect to maintain full year GRMs at $4-5/bbl: IOC
  • Rupee volatility led to reduction in imports in Q3: RCF

NIFTY ANALYSIS

  • Positional Support for NIFTY 6030.
  • Immediate resistance for NIFTY is 6200.
  • Intraday Resistance of NIFTY are 6190: 6220
  • Intraday Support of NIFTY are 6120: 6080
  • Oscillator Analysis - The oscillator is showing BUY signal
  • Short Term Oscillator Analysis- The signal is BUY signal.

MAJOR INDICES

INDIAN MARKET

INDEX
CLOSE
CHANGE
% CHANGE
SENSEX
20700.75
164.11
0.80
NIFTY
6155.45
64.00
1.05
BANK NIFTY
10554.35
126.05
1.21


ASIAN MARKET

INDEX
CLOSE
CHANGE
NIKKEI
14865.67
416.49
STRAITS TIMES
3099.93
13.29
HANG SENG
22568.24
174.16
TAIWAN INDEX
8601.86
77.24
KOSPI
1957.83
27.26
SHANGHAI
2113.69
-25.09

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