Today Market Updates :
Market
has again become volatile and is now oversold
where it is expected to consolidate and remain sideways.
But as overall trend is still down, the readers may stay away from the market
and do not create any long positions till the trend
remains down. Percentage of stocks above support is still below
50%, so it is recommended not to buy or hold deliveries till the
percentage of stocks above support does not come above 50%.
Today trading is
expected between the broad levels of 4790-4995. If the market breaches the
level of 4960 on the upper side then the next resistance level will be 4995.
But if nifty breaches the support level of 4860 then it may go down till the
level of 4790.
Today Market Highlights:
• Nifty ended at 5967.05 down -127.45 points or -2.09
percent and the Sensex ended at 19674.33 down -387.91
points or -1.93 percent.
• State Bank of India Q4 net falls 19%; provisions drag
• L&T likely to post 15-17% EPS growth in FY15: Ambit Cap
• Reliance Com starts offering mobile connection on Aadhar
verification .
• Japan's Daiichi says key details 'concealed' in Ranbaxy sale
• Essar Projects bags USD 80 million worth contracts in Abu
Dhabi
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