INDIAN STOCK MARKETS=SEPTEMBER SERIES DAILY STUDY REPORT
US MARKETS: DOW UP 58 POINTS NASDAQ UP 60 POINTS
EUROPE: DAX CLOSED IN POSITIVE WITH 50
POINTS, BUT RECOVERED 0.7% OF THE FALL (-177) IN TWO DAYS
ASIAN MARKETS: MILDLY POSITIVE
SGX NIFTY CURRENTLY
SUGGESTING: + 3 POINTS
MACRO ECONOMIC NEWS: Q-1 GDP IS @ 5.7% IS CONTINUOUSLY DECLINE TO TOUCH 3 YEAR LOW
CORPORATE
EARNING ARE OK BUT THEIR INVESTMENTS ARE NOT COMING DUE TO BAD DEBT ISSUES, IS
LIMITING THE GROWTH EXPANSION
COMPANY SPECIFIC NEWS:
DR REEDY GOT
FAVOURABLE NEWS
RANBAXY SINGH
BROTHERS ISSUE EFFECT FORTIS, ALREADY LOST 5.44% YESTERDAY.
===============================================================
IMPORTANT DISCLAIMER:
STOCK TRADING IS A HIGH-RISK VENTURE AND TRADERS
ARE THE MOST TO LOSE. IT DEMANDS CALM MIND AND PSYCHOLOGICAL BALANCE. IT IS A
CHALLENGING JOB DUE TO PRECISION IN TIMING & LIMITED CAPITAL AVAILABLE
WITH RETAIL TRADERS.
SO ALWAYS CONSULT YOUR EXPERT ADVISOR AND ALSO
MAKE YOUR STUDY TO GET SUCCESS.
POSSIBLE ACTION AS PER MY STUDY: CONSIDER FOR
EDUCATION
NIFTY:SUPPORT: 9885 & 9856 and
RESISTANCE: 9946 & 9972
BANK NIFTY: SUPPORT: 24230 & 24185 and
RESISTANCE: 24490& 24560
RELIANCE: SUPPORT:1576, 1572 and
RESISTANCE: 1606-08
AXIS BANK: SUPPORT: 494-92 and
RESISTANCE: 506-08, crosses 516-18 in
due course.
YES BANK: SUPPORT: 1732-28 and
RESISTANCE: 1758-62, 1773
RELCAPITA SUPPORT: 801-03 and RESISTANCE:
816-21, stock is very strong may touch 860, may consider a buy from 782-78
REL INFRA: SUPPORT: 491-89 and
RESISTANCE: 516-18
CENTURY TEX: SUPPORT: 1208-16 and
RESISTANCE: 1248-52, likely to cross yearly highs soon, no shorting advisable.
TATASTEEL: SUPPORT: 524-26 and RESISTANCE: 542-44
VEDL: SUPPORT: 303 &301 and
RESISTANCE: 314 huge investment plans.
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