Market Outlook from KRChoksey @ 9.30 a.m.
Key Indices:
Market opened 1% higher on positive cues from overseas markets.In the mid session, indices erased gains to slip into the red on basket selling by funds.
|
Indices
|
Close
|
Support
|
Trigger
|
Resistance
|
Advance Decline%
|
Direction
|
|
Sensex
|
17735
|
17507-17280
|
17710
|
17937-18139
|
57:43
|
volatile
|
|
Nifty
|
5192
|
5127-5063
|
5184
|
5249-5306
|
61:38
|
volatile
|
|
Nifty (Feb) Future
|
5201
|
5113-5026
|
5169
|
5256-5312
|
72:28
|
volatile
|
Outlook:
- Markets are likely to be volatile
- Medium term accumulation and long term remains positive.
KEY Indicators:
|
FII- Equity
Rs Cr for 21st Feb
|
Mutual Fund.
Rs Cr for 20th Feb
|
Crude Oil $
|
Rupee/$
|
Advance Decline Ratio
|
US Markets
|
Asian Markets
|
|
56.70
|
(191.30)
|
99.36
|
40.07
|
3:2
|
NA
|
NA
|
Market News:
- Bharat Forge to sign MoU for 1-mln-tn steel plant in Bengal today
- Alstom Projects India wins 2 export orders worth Rs 5.92 bn
- L&T gets pipeline order from Cairn India
- Tanla Solutions arm gets order from Europe co Mliven
- Glenmark Pharma’s rheumatoid arthritis molecule in phase 1 trial
- Simplex Infrastructure gets Rs 3.02 bn order in Oman
- Hindustan Zinc ups lead price by Rs 3,300 a tn
|
Sensex
|
Negative
|
|
Nifty
|
Negative
|
|
Mid Cap
|
Sideways
|
|
Small Cap
|
Sideways
|
|
Auto
|
Positive
|
|
Banking
|
Negative
|
|
Capital Goods
|
Negative
|
|
FMCG
|
Positive
|
|
Healthcare
|
Positive
|
|
I.T
|
Positive
|
|
Metals
|
Positive
|
|
Oil & Gas
|
Sideways
|
|
PSU
|
Sideways
|
|
Reality
|
Sideways
|
For Detailed analysis kindly log on to www.krchoksey.com
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