STOCK NIFTY TREND 14 OCTOBER 2013

stock-market--BY-TRIFIDRESEARCHBenchmark Indices opened on a strong note as boosted by good Infy nos. and was able to maintain on higher side for the whole session and settled around resistance marks. Nifty future saw a volatile session but was able to close around day’s high indicating strength for the coming session. If it sustains above 6140 then the rally will find strict resistance in the zone of 6180-6200. On weak IIP data, if some correction occurs then 6090 is seen as immediate support for nifty.

TREND: SIDEWAYS

SUPPORT      :  6090 & 6030

RESISTANCE:   6180 & 6240

DAILY MARKET TREND

  •  Sensex ends up 256 pts; Re strong, Infy & ICICI Bank up 5%.
  • European shares inch higher on prospect of US debt deal.
  • Infosys Q2 net up 1.5%, ups FY14 guidance to 9-10%.
  • Ranbaxy surges 11% as US plant gets FDA clearance.
  • GAIL selling $65 mn worth of stake in China Gas.

                                                     FUTURE CALLS

SCRIPS

 

@

                                TARGETS

 

 

B/S

 

SL1

T1

T2

T3

ASIANPAINTS

B

490

487.60

492.20

494.50

496.80

BHARATFORGE

B

275.50

273.50

277.50

279.50

281.50

 

EQUITY CALLS

SCRIPS

 

@

                      TARGETS

 

B/S

 

SL1

T1

T2

T3

HDFC

B

818

809

826

834

842

RECLTD

S

191.50

193.50

189.60

187.70

185.80

 

 

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