Markets witnessed a sell off on the back of higher than expected WPI Inflation data of August while recovered in the later half and settled on a closed flat note. Nifty future violated the crucial mark of 6000 and dropped down towards the important support of 5800. On daily charts, it has been consolidating in the same range since last few sessions and surpassing the lower range of 5750 will drag towards lower side. While 5960 is seen as major resistance.
SUPPORT : 5810 & 5750
RESISTANCE: 5910 & 5960
Daily Market Trend-
- Sensex turns positive; ICICI, HDFC Bank lead and BHEL, TCS fall.
- BSE, S&P Dow Jones Indices form JV firm Asia Index.
- India inflation moves up to 6.10% in August.
- Ranbaxy’s free-fall wipes out Rs 49 bn in market value.
- L&T bags orders worth Rs 17.93 bn.
Intraday Stock Tips –
BHARTIARTL EQ BUY ABOVE 340 TARGETS 343.40/346.80/350.30 SL 336.60
UNIPHOS EQ SELL BELOW 133 TARGETS 131.70/130.40/129.10 SL 134.35
Future Stock Tips –
ADANIENT FUT SELL BELOW 134 TARGETS 132/130/128 SL 136
SIEMENS FUT SELL BELOW 472 TARGETS 468/464/460 SL 476