Monday, April 28, 2014

Day action-28-04-2014

24-04-2014: FRIDAY-OVER-VIEW:
Markets started falling from highs due to Global market weakness. The Asian markets are falling but the depth/severity is not so serious.
The yesterday’s results of ICICI, IDFC are not encouraging and Axis will hit Yearly- Highs
28-04-2014-Monday-POSSIBLE-SCENARIO:
The M&M may see fall from Highs, The LT may rise from lows, GAIL may bounce. Nifty has support at 6740 level but may not hold today.
BEAR COUNTERS: ICICI Bank, IDFC
GLOBAL INDICES NEWS: The Europe was weak and Asian markets were weak
NEWS IMPACT: No big news
ECONOMIC--NEWS:
POLICY-NEWS: USA working on Sanctions against PUTIN core team.

COMPANY SPECIFIC-NEWS: Adani made some clarifications on the political associations and favours

F&O-COMPANY -NEWS:
BULL COUNTERS:
GLOBAL INDICES NEWS
NEWS IMPACT: IT may bounce in next few days
ECONOMIC--NEWS: The CAD is down
POLICY-NEWS:
ECONOMIC--NEWS:
COMPANY SPECIFIC-NEWS: JSWSteel output increased and new plant is started. Bajaj auto strike was postponed. LT got big order


F&O-COMPANY -NEWS: Axis added 8.6 lakhs OI, Wipro 6.2 lakhs added

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