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Indian stocks place their prevalent drop in one-and-a-half weeks as Cipla and Coal India slumped following not up to scratch earnings Victor Hedman Womens Jersey , while other blue chips pathway weaker international markets. The Bombay Stock Exchange Sensex closes at 20194 were down by 256 points or fell 1.25 percent. Bse Mid cap Index shed by 0.83 percent and the Bse Small Cap Index were declined by 1.05 percent on Thursday Day Intraday Trade Closes.
Sensex Major Resistance on Upside at 20412-20630-20848
Sensex Major Support on Downside at 20073-19952-19734
Trend Deciding Level at 20291
Nifty Index Major Resistance on Upside at 6006-6131-6196
Nifty Index Major Support on Downside at 5964-5927-5862
Trend Deciding Level at 6029
Major Headlines
Sun Pharma Q3 consolidated net profit at Rs1531 crore
Hindalco Industries Q3 net profit down 23% (YoY)
January CPI Inflation at 8.79 percent Vs 9.87 percent (MoM)
December IIP at -0.6 percent Vs -1.3 percent (MoM)
Coal India Q3 Net Profit at Rs 3,894 cr Vs Rs 4,395 cr (YoY)
Cipla Q3 Net Profit at Rs 260.8 cr Vs Rs 339 cr (YoY)
Apollo Tyres Q3 Net Profit at Rs 338 cr Vs Rs 180.6 cr (YoY)
CARE board approves increase in FII Limit in company to 74%
Mahan coal block secures stage 2 forest clearance from MoEF
McNally Bharat receives order worth Rs 156 cr
Titan board approves increase in FII limit to 35 percent
Indian Indices
The Nse Nifty Index closed in the negative note today, were down by 89 points and closes at 5994. In excess of the next couple of days it is expected to trend is down till 5933. In this period the key support will be at 5933 and resistance will be at 6054.
The Nifty has broken the previous swing's low and also faced resistance around the previous gap area near 6110 which is a negative sign for the market
In the daily chart the index is trading below the Twenty-Daily moving averages (DMA) and the Forty-DMA Braydon Coburn Womens Jersey , ie 6134 and 6144 correspondingly. The momentum pointer is trading in negative mode.
In the hourly chart, the Nse Nifty is trading below the Twenty-hourly moving average (HMA) and the Forty-HMA, ie 6063 and 6054 correspondingly Yanni Gourde Womens Jersey , which are vital intra-day levels. The hourly impetus indicator encompass turned negative. The market duration was turned negative mode on yesterday with 389 advances and 1006 declines on the National Stock Exchange.
Nifty Future Major Resistance on Upside at 6078-6150-6221
Nifty Future Major Support on Downside is at 5966-5926-5854
Trend Deciding Level at 6038
Bank Nifty Major Resistance on Upside at 10322-10497-10672
Bank Nifty Major Support on Downside at 10049-9951-9976
Trend Deciding Level is at 10244
5 Daily Moving Average @ 6052
50 Daily Moving Average @ 6201
200 Daily Moving Average @ 5976
5 Days Relative Strength Index @ 29 and 14 Days Relative Strength Index @ 35 INDICATES NIFTY PLACED IN BEARISH ZONE, WITH BEARISH MOMENT.
Global Trends
Gold Trading Around 1250-1291
US Dollar Index Trading Around 81-80.37
Nymex Crude Trading Around 100-99.83
DOW Future Trading with 71 points decline in Thursday Trade
Buy Nifty Fut January Intraday above 6025 sl 6000 Tgt 6045-6070 {Or} Sell Below 5975 sl 6000 Tgt 5955-5930
Buy Bank Nifty January Intraday above 10180 sl 10130 Tgt 10230-10280 {Or} Sell below 10080 sl 10130 Tgt 10030-9980
Curious Fact
Brihadeeswara Temple in Thanjavur is built only of granite. The height of the temple tower is 64.8 meters, and it is the tallest of its kind in the world.
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