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Capitalstars Financial Research Private Ltd. Hiring Commodity Technical Analyst. Job Description Research analysts examine the financial market in order to make sound suggestions to investors on how to invest money. Set and work on statistical software and make Report on the result of their research. Role:                              Commodity Analyst, SR. Commodity Analyst                              Industry:                     Research House - Financial Research/ServicesLocation:                    IndoreFunctional area:      Commodity Market Analysis.Experience:                0 to 5 yearsEducation:                  Post Graduate (MBA in Finance)Key skills:                   Intraday Call Generation, Delivery Calls Generation,                                         Reports Drafting, Proficiency in Technical Analysis                                               Software, Online Clients SupportSalary:                        Best in industryJob Timing:             12 PM TO 11 PM CANDIDATE REQUIREMENTSRequirements MBA,CFA,PGDBM/PGDM. Polished written and oral communication skills Excellent presentation skills  Analytical and research skill-set  Work Smart rather than Work Hard Willing to make a career in Financial Research Have High Level of Creativity Enthusiasm for working in a quickly changing, fast-growth environment. Desired traits·         Results-oriented individual, who wants to make a difference; who requires effort, a self-starter who makes the unexpected happens, allows responsibility and has a feeling of urgency.·         Someone who wants to make a challenging career in commodity market.·         Positive with a can-do attitude.  Good Presence of mind. Suitable and qualified candidates are t o write in to: hr@capitalstars.com and priyanka.singh@capitalstars.com together with your latest updated CV (Words), current and expected package and also a short summary of yourself. COMPANY DETAILS Company Name: CapitalStars Financial Research Private LimitedAddress: Capitalstars Financial Research Private LtdPlot No. 12 Scheme No .78 Part II, Vijay agar INDORE, Madhya Pradesh, India 452010Website: http://www.capitalstars.com  Executive Name: HR Dept.  Email Address: hr@capitalstars.com , Priyanka.singh@capitalstars.comContact on:  +91 731- 6662288, 9200099927If your profile suits our requirement, we will get back to you in a short while.

Posted on: 15 June 2012 | 5:14 am

NIFTY TIPS 11 JUNE 2012

 BUY NIFTY 5100 JUNE PUT ABOVE 111 FOR TARGET OF RS 119,127,140 KEEP STOP LOSS AT 98Get Free Equity market, Watch commodity market,  Track Stock Tips   Keep Visiting for latest updates Watch Our Equity Report Here too...

Posted on: 11 June 2012 | 4:26 am

EQUITY MARKET TIPS FOR 11 JUNE 2012

BOMBAY DYEING FUTURES BUY ABOVE 508  FOR TARGET OF RS  512,517,523   KEEP STOP LOSS AT   501.5 TARGET : BOMBAY DYEING FUTURES 1ST TG 512 ACHIEVED, BOOK PARTIAL PROFIT 2ND TG IS 517   Get Free Equity market, Watch commodity market,  Track Stock Tips   Keep Visiting for latest updates Watch Our Equity Report Here too...

Posted on: 11 June 2012 | 4:21 am

EQUITY MARKET TIPS 11 JUNE 2012

BUY HUL 440 JUNE CALL AROUND 6.4 FOR TARGET OF RS 7.4,8.5,10 KEEP STOP LOSS AT 4.85Get Free Equity market, Watch commodity market,  Track Stock Tips   Keep Visiting for latest updates Watch Our Equity Report Here too...

Posted on: 11 June 2012 | 3:58 am

EQUITY MARKET TIPS 11 JUNE 2012

SELL DR. REDDY FUTURES BELOW 1597 FOR TARGET OF RS 1592,1586,1580 KEEP KEEP STOP LOSS AT 1605.10 Get Free Equity market, commodity market, Stock Tips 

Posted on: 11 June 2012 | 3:54 am

COMMODITY TIPS 11 JUNE 2012

NATURAL GAS JUNESELL BELOW 125 FOR TARGET OF RS 124,122.75, 121.25 KEEP STOP LOSS AT 126.65 Get Free Equity market, commodity market, Stock Tips 

Posted on: 11 June 2012 | 3:49 am

EQUITY MARKET 11 JUNE 2012

INDIAN MARKET INDICES CLOSE PREVIOUS SENSEX 16,718.87 16,649.05 NIFTY 5,068.35 5,049.65 ASIAN MARKET INDICES CLOSE PREVIOUS NIKKEI 8,459.26 8,639.72 HANG SENG 18,502.34 18,678.29 KOSPI 1,835.64 1,847.95 SACTORIAL INDICES INDICES CLOSE CHANGE (%) CNX 100 4,956.10 0.38 S&P CNX DEFTY 3,163.20 -0.53 S&P CNX 500 4,010.95 0.36 CNX MIDCAP 7,033.85 0.41 BANK NIFTY 9,998.85 0.48 TOP GAINERS SCRIPT CLOSE CHANGE (%) RELINFRA 507.45 5.00 GAIL 333.95 4.15 STER 100.80 3.70 LT 1,319.25 3.47 TOP LOSERS SCRIPT CLOSE CHANGE (%) CAIRN 325.30 -1.65 ONGC 259.00 -1.63 MARUTI 1,127.00 -1.42 POWERGRID 106.80 -1.16

Posted on: 11 June 2012 | 2:54 am

MARKET TREND TODAY 11 JUNE 2012

MARKET TREND INDIAN FACE        1.  BSE SENSEX and NIFTY traded lower on FRIDAY, rebounded smartly in last trading hour ended with 0.42 percent and 0.37 percent respectively. Indian markets recovered almost 5 percent this week resulting highest ever weekly gain in 2012.2. Markets got the momentum as positive opening of European markets, and appreciating rupee along with short covering fuelled the rally. Indian rupee recovered by 25 paise at 55.44 against the DOLLAR from day’s low 55.69. 3. Investors also eyed the Reserve Bank of India’s credit policy schedule to be announced on 18TH JUNE.GLOBAL FACE1.   Asian stock markets traded lower on the session as in spite of China’s rate cut U.S. Federal Reserve chairman BEN BERNANKE’S neutral statement over weighted the sentiments. Japan’s NIKKEI slipped 2 percent ended at 8459. 2.  European stock markets traded in red as hope over the fresh burst of U.S. economy stimulus faded. Markets tanked down as banking and mining stocks led the rally towards downside. FTSE, DAX and CAC traded 1.53%, 1.57% and 1.13% up respectively. 3.  U.S. Stock index futures traded negative over the faded U.S. stimulus hopes revived the Euro Zone crises. Investors further disappointed as Fed plans to force banks to hold greater capital reserve.

Posted on: 11 June 2012 | 2:49 am

MARKET TALKS 8 JUNE 2012

MARKET TALKS capital adequacy and lending capacity to the agriculture sector. The RRBs will get Rs 632 crore from the central government", said a minister after the meeting of the Cabinet. Following recommendations of RBI deputy governor KC Chakrabarty, the government initiated recapitalisation process in 2009-10 for 40 financially weak RRBs, which provide credit to rural and agriculture sectors. !   Deposit rate cut step towards softer interest rate era: SBI India's largest lender State Bank of India (SBI) on Thursday reduced its retail deposit rates by 25 basis points in tenure up to 240 days with effect from June 08, 2012. It had cut interest rate on loans given to small and medium enterprises (SMEs) some time back.  !   KEC's orderbook at Rs 8400cr, overseas deals form majority          Infrastructure company KEC International (KEC) on Wednesday announced that it has secured new orders worth Rs 391 crore in the transmission and telecom businesses. Ramesh Chandak, Managing Director, KEC International said that the company's orderbook stands at Rs 8400 crore and international orders make up a greater chunk of the order book.  !   Low interest rate to boost economic growth: FinMin Pitching for cut in interest rates by the RBI in its forthcoming monetary review, the finance ministry today said low interest rate regime would push growth rate, which slipped to nine-year low of 6.5% in 2011-12. "We see a possibility of growth picking up, if interest rates are reasonable," Department of Economic Affairs Secretary R Gopalan told reporters.  !   L&T bags 3 orders; expects to maintain 10% margin in FY13 SN Subrahmanyan, director & vice-president, L&T, says that we are seeing good opportunities in construction sector, Currently bagged three orders in different sectors, expected to maintain a margin of 10% going forward and current order book stands Rs 1,06,570 cr.  !   Cabinet approves Rs 632-cr capital infusion in RRBs          The government on Thursday approved capital infusion of Rs 632 crore in cash-starved regional rural banks (RRBs) to improve their

Posted on: 8 June 2012 | 4:19 am

GLOBAL & INDIAN FACE 8 JUNE 2012

INDIAN FACE        ·         BSE SENSEX and NIFTY traded positive on THURSDAY as it was a follow up rally driven over the hope  reserve Bank of India may cut repo rate by 50 basis points instead of 25 basis points and the infrastructure targets set by Prime Minister Man Mohan Singh after the meeting. ·         Appreciating rupee was another factor which fuelled the fire further as gains 34 paise to 55.02 against the DOLLAR. ·         However the gains were led by banking stocks along with Oil & Gas, Capital goods, Metal and Auto sector while Wipro, Gail and Power Grid Corporation traded under pressure.GLOBAL FACE ·         Asian stock markets traded higher on the session as European policy makers are seeking a solution to solve Spanish bank’s financial crises amid hopes rose for fresh monetary policy stimulus for world’s major economies. ·         European stock markets traded higher in greens jumped more than 1.5 percent, as investors eyed that European policy makers may take further measures to boost up the global economy growth. FTSE, DAX and CAC traded 1.53%, 1.57% and 1.13% up respectively. ·         U.S. Stock index futures traded higher and held their gains after surprising moves taken by CHINA. Chinese Central Bank announced that it will cut its interest rates by 25 basis points.

Posted on: 8 June 2012 | 4:18 am

EQUITY REPORT 8 JUNE 2012

                                                                                                      INDIAN MARKET INDICES CLOSE PREVIOUS SENSEX 16,649.05 16,454.30 NIFTY 5,049.65 4,997.10 ASIAN MARKET INDICES CLOSE PREVIOUS NIKKEI 8,639.72 8,533.53 HANG SENG 18,678.29 18,520.53 KOSPI 1,847.95 1,801.85 SACTORIAL INDICES INDICES CLOSE CHANGE (%) CNX 100 4,937.40 1.03 S&P CNX DEFTY ,180.20 1.71 S&P CNX 500 3,996.50 0.95 CNX MIDCAP 7,005.35 0.85 BANK NIFTY 9,950.90 2.14 TOP GAINERS SCRIPT CLOSE CHANGE (%) JPASSOCIAT 68.45 3.63 AXISBANK 1,057.00 3.59 ICICIBANK 837.00 3.54 HDFCBANK 538.20 3.52 TOP LOSERS SCRIPT CLOSE CHANGE (%) WIPRO 400.30 -2.51 POWERGRID 108.40 -1.14 AMBUJACEM 151.30 -1.05 GAIL 323.35 -1.01 Source : http://www.capitalstars.com

Posted on: 8 June 2012 | 4:06 am

COMMODITY MARKET 7 JUNE 2012

COMMODITY CS COPPER (JUNE) OVERVIEW:TREND CONSOLIDATESUPPORT 1: 402.50,SUPPORT 2: 394.60,RESIST 1: 417.90,RESIST 2: 423.70,                                                         CS CRUDE (JUNE) OVERVIEW:TREND BULLISHSUPPORT 1: 4626,SUPPORT 2: 4422,RESIST 1: 4880,RESIST 2: 4920, CS GOLD (AUG) OVERVIEW:TREND BULLISH SUPPORT 1: 29880,SUPPORT 2: 29635,RESIST 1: 30380,RESIST 2: 30555,                            CS SILVER (JUL) OVERVIEW:TREND BULLISHSUPPORT 1: 53320,SUPPORT 2: 52813,RESIST 1: 56535,RESIST 2: 57530, CS NICKEL (JUN) OVERVIEW:TREND CONSOLIDATESUPPORT 1: 875.20,SUPPORT 2: 869.60,RESIST 1: 910.00RESIST 2: 923.60,

Posted on: 7 June 2012 | 5:53 am

EQUITY MARKET 7 JUNE 2012

CS WORLD MARKET UPDATE:SGX NIFTY UP 13, HANG SENG  UP 269,NIKKEI UP 107,DOW UP 286,NASDAQ UP 66, CS BANK NIFTY FUTURE LEVELS: TREND- BULLISHSUP 1: 9585SUP 2: 9455RES 1: 9795RES 2: 9880 CS GOOD MORNING NIFTY SPOT LEVELS: TREND- BULLISHSUP 1: 4940SUP 2: 4890RES 1: 5060 RES 2: 5125

Posted on: 7 June 2012 | 5:51 am

MARKET STRATEGY 7 JUNE 2012

Suddenly,theworld seems to be a better place for embarrassed investors. Hopefully, the current relief rally may still have some steam left in it. So, convert this  opportunity into profit before fresh bad news drags things back. The opening is likely to be positive again. Use every rise to make profit , as we seem to be facing just a technical swing upward . The mammoth of problems that the markets are confronting is yet to be addressed .No doubt, headlines telling about action on various areas by the Centre but by now we of course have learnt to wait and watch for some real outcome.   The eurozone remains at the core of the current mess. Doubts are also being raised about the strength of the US and Chinese economies. Market players are hoping for emergency intervention by central banks but the same may not come thorough. The ECB’s move to refrain from cutting rates or committing to more LTRO is case in point.Investors will tune into Fed chief Ben Bernanke’s testimony to Congress today to see if he drops any hints on QE3. Also watch out for an important Spanish debt auction.

Posted on: 7 June 2012 | 5:50 am

COMMODITY MARKET FOR 1 JUNE 2012

COMMODITY CS COPPER (JUNE) OVERVIEW:TREND BEARISHSUPPORT 1: 413.65,SUPPORT 2: 408.90,RESIST 1: 431.15,RESIST 2: 432.00,                                                               CAPITALSTARS.COM +919200099927  CS CRUDE (JUNE) OVERVIEW:TREND BEARISHSUPPORT 1: 4880,SUPPORT 2: 4745,RESIST 1: 5132,RESIST 2: 5270, CS GOLD (JUNE) OVERVIEW:TREND CONSOLIDATE SUPPORT 1: 28830,SUPPORT 2: 28745,RESIST 1: 29305,RESIST 2: 29565,                         CS SILVER (JUL) OVERVIEW:TREND CONSOLIDATESUPPORT 1: 53870,SUPPORT 2: 53650,RESIST 1: 54870,RESIST 2: 55120, CS NICKEL (JUN) OVERVIEW:TREND BEARISHSUPPORT 1: 910.30,SUPPORT 2: 904.60,RESIST 1: 920.00RESIST 2: 924.00, Huge returns !!Click to get Free Nifty Tips CLICK TO GET STOCK TIPS

Posted on: 1 June 2012 | 3:31 am

EQUITY MARKET FOR 1 JUNE 2012

CS WORLD MARKET UPDATE:SGX NIFTY DOWN 26, HANG SENG UP 83,NIKKEI DOWN 63,DOW DOWN 10,NASDAQ DOWN 33, CS BANK NIFTY FUTURE LEVELS: TREND- BEARISHSUP 1: 9350SUP 2: 9235RES 1: 9545RES 2: 9645 CS GOOD MORNING NIFTY SPOT LEVELS: TREND- BEARISHSUP 1: 4880SUP 2: 4835RES 1: 4975RES 2: 5020   Huge returns !!Click to get Free Nifty Tips  CLICK TO GET STOCK TIPS

Posted on: 1 June 2012 | 3:29 am

NIFTY TIPS FOR 1 JUNE 2012

BUY NIFTY 4900 JUNE PUT AROUND 155 TG 162,170,180 SL 143 Huge returns !!Click to get Free Nifty Tips CLICK TO GET STOCK TIPS

Posted on: 1 June 2012 | 3:22 am

MARKET STRATEGY 1 JUNE 2012

We may see more red ticks this morning due to global selloff and GDP shocker. Watch out for data on auto sales, exports and manufacturing PMI. Looks like investors took the old adage ‘Sell in May and go away’ quite seriously. There was no dearth of misery in May, as eurozone debt problems resurfaced in the form of Greek politics and Spain’s banking troubles. The of the largest growth engines of the world - the US and China – are also losing steam. India is not immune to the global headwinds but the fact of the matter is that much of the problems are home grown. That GDP growth in Q4 was the slowest in nine years shows how big a setback we have suffered. UPA II’s stint has been a disaster so far. While growth has decelerated, inflation remains sticky and deficits are soaring. The rupee’s slide underscores the deterioration in economic fundamentals. The big question is have we seen the worst? The fear is things could deteriorate further, especially if there are more shocks out of the eurozone. We may see more red ticks this morning due to global selloff and GDP shocker. Watch out for data on auto sales, exports and manufacturing PMI. Globally too, the markets will keenly track data on manufacturing sector PMIs, auto sales and US monthly job additions. The Nifty opened lower on Thursday but managed to recoup some loses despite weaker than expected Q4 GDP data. It finally closed below 4,950. This move has negated the weekly breakout and the Nifty is back in the trading range of 4,800-4,950. We maintain our cautious outlook for the near term on the back of strength in the USD. Key Results Today: McNally Bharat and Mphasis

Posted on: 1 June 2012 | 3:17 am

STOCK FUTURES TIPS 1 JUNE 2012

SELL ASIAN PAINTS FUTURES AROUND 3810 AND HOLD UNTIL NEXT UPDATE Huge returns !!Click to get Free Nifty Tips  CLICK TO GET STOCK TIPS

Posted on: 1 June 2012 | 3:17 am

COMMODITY MARKET 31 MAY 2012

COMMODITY CS COPPER (JUNE) OVERVIEW:TREND CONSOLIDATESUPPORT 1: 417.25,SUPPORT 2: 413.65,RESIST 1: 431.15,RESIST 2: 432.00,                                                          CS CRUDE (JUNE) OVERVIEW:TREND BEARISHSUPPORT 1: 4880,SUPPORT 2: 4745,RESIST 1: 5132,RESIST 2: 5270, CS GOLD (JUNE) OVERVIEW:TREND CONSOLIDATE SUPPORT 1: 28830,SUPPORT 2: 28745,RESIST 1: 29305,RESIST 2: 29565,                             CS SILVER (JUL) OVERVIEW:TREND CONSOLIDATESUPPORT 1: 53870,SUPPORT 2: 53650,RESIST 1: 54870,RESIST 2: 55120, CS NICKEL (MAY) OVERVIEW:TREND BEARISHSUPPORT 1: 910.30,SUPPORT 2: 904.60,RESIST 1: 920.00RESIST 2: 924.00,

Posted on: 31 May 2012 | 2:53 am

EQUITY MARKET 31 MAY 2012

CS WORLD MARKET UPDATE:SGX NIFTY DOWN 45, HANG SENG DOWN 226,NIKKEI DOWN 146,DOW DOWN 160,NASDAQ DOWN 33, CS BANK NIFTY FUTURE LEVELS: TREND- CONSOLIDATESUP 1: 9350SUP 2: 9285RES 1: 9585RES 2: 9645 CS GOOD MORNING NIFTY SPOT LEVELS: TREND- CONSOLIDATESUP 1: 4905SUP 2: 4850RES 1: 5020 RES 2: 5065

Posted on: 31 May 2012 | 2:52 am

MARKET STRATEGY 31 MAY 2012

The streets across many parts of India may appear empty on account of the nationwide ‘Bharat Bandh’ called by the Opposition in protest against the petrol price hike. The key Indian stock indices will open lower again as world markets continue to reel under the seemingly never-ending debt troubles of the eurozone. All eyes will be on Q4 GDP data and the Rupee. Volatility may inch up due to the F&O expiry. The May series has also been pretty bad and there is no silver lining on the horizon as yet - be it the spate of domestic macro-economic issues or overseas headwinds. Therefore, one must remain guarded and vigilant. One may start accumulating at lower levels from the medium- to long-term perspective. Avoid misadventures and stick to quality counters. Don't forget to do proper homework before committing yourself to any counter. Get out of weak counters. Reports that the monsoon is likely to be delayed are adding to the emptiness the market is experiencing. The good news is that the Government has taken steps to address some issues in mining and oil & gas sectors. The result season has almost drawn to a close. Crude oil has taken a tumble, which is good for India. However, the rupee must recover to gain from the drop in oil prices. OMCs are likely to hold fortnightly review today. One has to see whether they announce any rollback in petrol hike. The Q4 GDP figures could show further evidence of deceleration in growth. The Indian economy slowed from 8.5% yoy across 2010 to 6.1% y/y in the fourth quarter of 2011 and likely cooled further in early 2012, according to Moody’s Analytics. It estimates Q4 GDP growth of 5.9% yoy. Key Results Today: BEML, Timex Group and TT.  If Nifty is unable to sustain above 4800 then we may see further downside till 4700 and lower. However, we remain more biased towards the upside in the immediate term. 

Posted on: 31 May 2012 | 2:50 am

EQUITY MARKET 30 MAY 2012

CS WORLD MARKET UPDATE: HANG SENG DOWN 415,NIKKEI DOWN 85,DOW UP 125,NASDAQ UP 33, CS BANK NIFTY FUTURE LEVELS: TREND- BULLISHSUP 1: 9520SUP 2: 9415RES 1: 9735RES 2: 9810 CS GOOD MORNING NIFTY SPOT LEVELS: TREND- BULLISHSUP 1: 4940SUP 2: 4880RES 1: 5035 RES 2: 5075

Posted on: 30 May 2012 | 2:52 am

COMMODITY MARKET 30 MAY 2012

COMMODITY CS COPPER (JUNE) OVERVIEW:TREND BULLISHSUPPORT 1: 422.40,SUPPORT 2: 417.25,RESIST 1: 431.15,RESIST 2: 432.00,                                                           CS CRUDE (JUNE) OVERVIEW:TREND BULLISH SUPPORT 1: 4930,SUPPORT 2: 4880,RESIST 1: 5170,RESIST 2: 5270, CS GOLD (JUNE) OVERVIEW:TREND CONSOLIDATE SUPPORT 1: 28830,SUPPORT 2: 28745,RESIST 1: 29190,RESIST 2: 29305,                            CS SILVER (JUL) OVERVIEW:TREND CONSOLIDATESUPPORT 1: 53800,SUPPORT 2: 53320,RESIST 1: 55120,RESIST 2: 56650, CS NICKLE (MAY) OVERVIEW:TREND CONSOLIDATESUPPORT 1: 922.40SUPPORT 2: 913.10RESISTANCE 1: 948.60RESISTANCE 2: 953.00

Posted on: 30 May 2012 | 2:52 am

MARKET STRATEGY 30 MAY 2012

Amid all the external and internal conflicts, our usually soft-spoken and mild-mannered PM has turned combative. Dr. Manmohan Singh has thrown the gauntlet at Team Anna to prove his guilt in the controversy over the allocation of coal blocks. The PM says he is ready to pull the plug on his political career if proven wrong. Another report shows UPA II may not be able to take any further bold measures in light of the stiff political resistance from all sides. The economic environment remains challenging in India; sales of AC makers and lifestyle retailers have turned weak. At the same time, inflation is unlikely to soften materially as can be gauged from reports of yet another price hike by few car makers. The Indian markets will take a cue from Q4 GDP data due on Friday. But, before that we have to contend with the F&O expiry on Thursday and plenty of results. The opening today will be lower due to weak global cues. Asian indices are mostly down on mounting worries about the Spanish banking sector. US stocks played catch-up with other markets after an extended weekend. European markets managed to advance but Spanish stocks got pummeled again. The euro slid below $1.25, reflecting continued concerns about the debt-stricken region. The Hang Seng has slumped after a media report tempered expectations for a strong stimulus from China. The EU officials will unveil a report card on the members’ fiscal health today. A survey shows that while several EU nations are questioning the merits of tighter integration, few are willing to dump the euro as a common currency. Interestingly, Greeks are among the keenest to keep the euro. Look out for data on manufacturing PMI from Australia to USA due out on Friday. World markets will also closely track the US monthly jobs report, also scheduled for Friday and US Q1 GDP data. Key Results Today: Aban Offshore, Anant Raj Industries, BEML, BPL, Colgate Palmolive, Dhanlaxmi Bank, DLF, Essar Ports, Financial Technologies, GAIL, GHCL, Godrej Industries, Gujarat Industries, Gujarat Narmada Valley Fertilizers Company, Gujarat State Fertilizers & Chemicals, Gulf Oil Corp, Havells India, HDIL, Himachal Futuristic Communications, Hind Aluminium, Hind Rectifiers, JP Associates, Jay Shree Tea, Jindal Saw, Kingfisher Airlines, M&M, NESCO, Nirlon, Omaxe, Parsvnath Developers, Pipavav Defence, Prime Focus, PTC India, PVP Ventures, Radico Khaitan, Rajesh Exports, Rashtriya Chemicals & Fertilizers, REI Agro, Sanghvi Movers, SpiceJet, Tata Chemicals, TBZ, United Breweries. Technically: Nifty registered a break out above the key resistance level of 4960 and ended the day above it at 4985 adding 65 points to its value. With the required confirmation of a break out above 4960 in place , Nifty may now test the level of 5050 and beyond that 5100 over a short span of time.On declines, now the level of 4870 would offer support and the level of 4800 continues to remain a very strong medium term support, As long as it maintains this support the chances of an upside till 5100 remains high. In an alternate scenario if Nifty is unable to sustain above 4800 then we may see further downside till 4700 and lower. However, we remain more biased towards the upside in the immediate term.

Posted on: 30 May 2012 | 2:49 am