Banknifty Spot
(Updated at 12.00 PM)
Currently trading at 12547.
Likely to take support at 12509-12480 zone.
Suppose to hold the support then again may
retest higher levels at 12598-12620.
If sustains above 12620 for 15
minutes then see 12650-12680.
Now 12509-12480 zone is crucial support and
breaking below this may take up to 12433-12399.
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Nifty Spot
(Updated on 26.04.13 at 08.30 pm)
support @ 5899-5885
Hurdle @ 5933-5950.
If trades above 5924 with sustained vol
then see upside up to 5943-5950.
Unwinding of long position due to profit
booking likely at 5940-5960 zone
Need to be cautious at this zone in Longs.
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Key benchmark indices extended gains to hit fresh intraday high in early afternoon trade as gains in Asian stocks boosted sentiment. The S&P BSE Sensex was up 170.92 points to 19350.28. The CNX Nifty was up 60.85 points to 5897.75. The market breadth was positive. The Prime Ministers Economic Advisory Council has projected 6.4% growth in Indias GDP for FY14 higher than an estimated 5% growth for FY13. In 2013-14 the headline WPI inflation is expected to be around 6% compared with provisional figure at 5.96% at the end of 2012-13 the PMEAC said. Net FDI inflow is expected at $24 billion in 2013-14 from an estimated $18 billion in 2012-13. In contrast FII inflows are seen sliding to $18 billion in 2013-14 from an estimated $24 billion in 2012-13 it said. The RBI will announce the Monetary Policy Statement 2013-14 on May 3 2013. The RBI cut its repo rate by 25 basis points to 7.5% after a mid-quarter monetary policy review on March 19 2013. Inflation based on the monthly wholesale price index (WPI) eased the lowest level in 40 months at 5.96% in March 2013 and sharply lower than 6.84% in February 2013 data showed.
Nifty spot For Tomorrow
Nifty Spot has resistance at 5940-5970.
Above 5884 No worry for bulls.
Above 5924 see 5933-5945
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Recommended to our subscriber
at 50-50.50 for Target = 52-54
First target already done.
Traders may even enter at this level.
Daily + weekly closing happens then see rally up to 58-60.
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ZEE ENTERTAINMENT ENT LTD(ZEEL)
(APRIL Future)
ZEEL (Sell) 224-225 and 226
Targets 216-212 and 208
Suppose to trade 227 above for 5min…then exit…
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Banknifty Spot
No worry for bulls above 12426 for short term trend.
Support at 12480-12439.
Break below 12407 see slide up to 12247.
L&T Finance
Broken out consolidation
Buyers may enter above 78.50-79.25
target = 83-85
Exit below 77.70 for intraday
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