28-04-2014: MONDAY-OVER-VIEW:
The markets saw some grinding in the initial hours but recovered
from lows due to PSU banks bargain hunting. The SBI, BOB, CANBANK, ALBK and
other PSUs did well.
The star performance came from Pharma sector especially Wock-pharma,
DrReddy, Sunpharma and toher such names.
The Private banks like AXIS, INDUS, YES and HDFCBANK are subdued but
KOTATAK and ICICI recovered decently.
The Tatamotors
The STOCK-RECON: Missed to identify the YES bank
negative news
L&T didn’t recovered even some good news means the news already
discounted.
IDFC first fell then recovered when PSUs recovered.
29-04-2014: TUESDAY- MARKET APPROACH STRATEGY: The markets are in Bull grip but the higher level
selling is happening. The Bank Nifty is good above 12950 but it is very likely
to touch 12500 level with ease.
DAY-BEAR COUNTERS: The AXIS, ICICI,
M&M,
BNIFTY- resistance at 13091-98 level, trades below 13045 then first support
at 12963 and at 12865,
AXIS resistance at 1543-48 level whereas support at 1503 and at
1485, (Below 1532-29 weakness accelerates)
ICICI resistance at 1285-89 levels whereas support at 1243 and at
1245, (Below 1277-79 weakness accelerates)
M&M- 1078-82 is the resistance zone and will fall below 1056
level may touch 1048-46
GLOBAL INDICES NEWS
NEWS IMPACT:
ECONOMIC--NEWS:
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DAY-BULL
COUNTERS:
GLOBAL INDICES NEWS
NEWS IMPACT:
ECONOMIC--NEWS:
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