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Indian Market
Indian equity markets were up 2.16% Nifty up by 120.55 pts and settle at 5688.95 Sensex up by 387.13 pts at 18744.93 Bank Nifty up by 345.35 pts at 11871.60
Global Market
European markets were down with FTSE down by 33.54 closed at 6310 ,CAC down by 23.93 closed at 3686 and DAX down 45.60 closed at 7667 Dow future was 14578.00 up by 66 closed at
HEADLINES
ONGC seeks MoEF permit for drilling new wells in KG Basin AirAsia starts hiring in India with Sept as takeoff date Union Bank hits market with USD 500m bond issue Jet Airways to dilute stake via OFS route: Sources
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MARKET ANALYSIS:
Key benchmark indices surged as steep drop this week in gold and oil prices eased concerns of high current account and fiscal deficit and Monday's data showing easing of wholesale price index triggered expectations of an interest-rate cut by the Reserve Bank of India (RBI). The barometer index, the S&P BSE Sensex, was provisionally up 373.31 points or 2.03%, up close to 405 points from day's low and off about 40 points from the day's high. The S&P BSE Sensex and the 50-unit CNX Nifty, both, hit their highest level in almost two weeks. The market breadth, indicating the overall health of the market, was positive. Key benchmark indices reversed initial fall and moved into positive zone. Key benchmark indices surged to strike intraday high in morning trade as Asian stocks reversed initial decline. Key benchmark indices extended gain to strike fresh intraday high in mid-morning trade. The market moved up further to hit fresh intraday high in early afternoon trade. The S&P BSE Sensex and the 50-unit CNX Nifty, both, hit their highest level in over 1-1/2-week. Key benchmark indices held firm after striking fresh intraday high in afternoon trade. The Sensex extended intraday gains to strike fresh intraday high in mid-afternoon trade. The S&P BSE Sensex and the 50-unit CNX Nifty, both, hit their highest level in nearly 2 weeks. S&P BSE Sensex was up 373.31 points or 2.03% to 18,731.11. The CNX Nifty was up 116.55 points or 2.09% to 5,684.95
FII DII
16-Apr-13 16-Apr-13
3095.66 792.91
2503.91 997.8
591.75 -204.89
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EXPERT OPINION
NIFTY
Nifty looks Bearish Strategy: Sell on rise Support: 5630 Resistance: 5730
BANK NIFTY
5.34 5.12
Bank Nifty looks Bearish Strategy: Sell on rise Support: 11800 Resistance: 11940 460
.0 PREVIOUS PERFORMANCE
TYPE SCRIP B/S RESULT
CASH CASH
B S B B
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MARKET CALLS
6
SCRIPS AUROBINDO PHARMA KARNATAKA BANK ACTION BUY BUY LEVEL 181.00 145.60
CASH
1ST TARGET 182.00 146.60 2ND TARGET 183.00 147.60 STOP LOSS 180.00 144.60
FUTURE
SCRIPS . ALLAHBAD BANK BUY 133.90 134.90 135.90 132.90 ACTION LEVEL 1
ST
TARGET
ND
TARGET
STOP LOSS
ITC
BUY
307.00
310.00
312.00
305.00
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