Market Mirror 13'th April 2011
The Sensex closed with losses of around 189 points (1%), while the Nifty was down around 56 points (1%). Mid and smallcap stocks too failed to sustain gains, as the BSE Midcap and BSE Small cap indices closed with losses of around 0.7% each.
Although negative trends in indices across Asia rubbed off on their counterparts in the Indian stock market today, it was weak IIP number that took the toll. The indices had a dull opening today and went on to make further inroads into the negative territory as the session progressed. This was led by weakness in capital goods, auto and infrastructure stocks.
Yesterday our market was closed & Tomorrow also. SGX Nifty is trading -55 points down. Crude also saw profit booking. 105 is important level to watch in crude. Nifty has support at 5780,5750 level. We might see some bounce from lower level but as we closed tomorrow profit booking may emerge at every higher level. Selling will continue on next Friday.
Just wait for next week.Reliance, Tata Steel & Nifty may see Selling Pressure on weekly basis. Friday Factor will make it's Impact.
Tata Steel ADVANCE SCIENTIFIC Chart 13'th April 2011:-
(Forecasting to happen during Trading Hours)
(Chart published before market opens)
Tata Steel ADVANCE SCIENTIFIC Chart 15'th April 2011:-
(Forecasting to happen during Trading Hours)
(Chart published before market opens)
Stop Gambling & Start Investing…..
Nishant Jani
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