29-04-2014:Tuesday-OVER-VIEW:
Metals, auto and banking lot got severe beating by bears. The PSU
banks results are good and the prices are factored in. The Jindal steel brought
all other counters to lows. The Phama counter though fell from highs, still in
Bulls control. The M&M counter is the lone fighter against bears but all
other counters fell due to demand slowdown in future.
SUN Ranbaxy bad news..
29-04-2014: WEDNESDAY- MARKET APPROACH STRATEGY: The Bulls tightened their grip and Global indices
are encouraging India to add few more points.
Niftyhas resistance at 6772-78 range,
Bank Nifty at 13085.
ICICI resistance at 1285-89 range. SBI
Resistance at 2093-97 but AXIS may see new highs good above 1544-48. The YES
will run fast above 453-5 range.
F&O-COMPANY -NEWS: Huge selling in metals like Jindal and
tatasteel is seen.
BULL COUNTERS:
F&O-COMPANY -NEWS:Unwinding in M&M and
Axis seen, The PSU banks also in unwinding mode.
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