FROM TODAY ONWARDS FAMOUS ASTRO TECHNICAL ANALYST
Dr. Bhuvanagiri Amaranatha Sastry garu is giving ASTRO PREDICTIONS FOR THE NIFTY IN OUR BLOG....TOMORROW PREDICTIONS AS FALLOWS...
OPENING SESSION CRUCIAL...SENSITIVE
Week started off on a negative note suggesting lack
of
buying interest at higher levels. Stop
loss for Nifty long positions may be maintained at 6225 on close basis.
Nifty
spot is expected to encounter resistance at 6295, 6335 and find support
at 6215, 6180 for Wednesday. While Global cues, Funds flow and
Quarterly Results are expected to broadly guide the market movement,
based on
the present market position, market is expected to have crucial opening
and general remain
better thereafter with dual movements.
Review for Tuesday, 05th
October, 2013 :: Nifty Down… Midcaps Up ..!!
Nifty 6253 -64
First day of New Financial Year (after Diwali) started off
on a negative note with indices retracing 1%. 32 of Nifty stocks closed in the
red but broader markets were positive with Advances outnumbering Declines with
Advance Decline ratio at 1.15:1. BPCL, NMDC, DLF, Asian Paints and JP
Associates gained among Nifty stocks while ITC, ICICI Bank, Power Grid, Dr
Reddy, Sun Pharma remained major losers . ITC and ICICI Bank dragged down Nifty
by more than 35 points.
Among
F&O stocks,
Jubilant Food, IRB, FRL, Andhra Bank, India Cement remained major
gainers while Shriram Transport, RCom, UBL, Idea, ITC remained
major losers.
SENSEX FALLS ON PROFIT
BOOKING...CLOSES @ 20,974.79
The benchmark Sensex on tuesday slipped 265 points from a record close, the most in more than a month, amid
profit booking and mixed global cues. The S&P BSE Sensex, which ended at
21,239.36 during the special Diwali 'Muhurat' trading on Sunday, snapped five
days of gains and fell 264.57 points, or 1.25 per cent, to close at 20,974.79.
Today's fall was the worst since September 30, when it lost 347.50 points. ITC,
ICICI Bank and TCS were the biggest drag as 22 of the 30 index stocks declined.
FMCG, healthcare and IT sector stocks fell. The Sensex had gained 669.08 points
in the previous five trading days. The 50-share CNX on the National Stock
Exchange declined 64.20 points, or 1.02 per cent, to 6,253.15. The SX40 index
on the MCX Stock Exchange closed at 12,494.1, down 105.43 points. India's
services sector contracted for the fourth successive month amid economic
uncertainty. The HSBC/Markit purchasing managers index for the services
industry was at 47.1 in October from 44.6 in September. An index value of below
50 indicates contraction. Finance Minister P Chidambaram today exuded
confidence that India's current account deficit will be contained below USD 60
billion this financial year against an earlier estimate of USD 70 billion.
Asian stocks ended mixed amid speculation that a meeting of China's top party
officials this weekend may struggle to meet market expectations for economic
reforms in the world's second-biggest economy. Key indices in China, Japan and
Singapore moved up, while they fell in Hong Kong, South Korea and Taiwan.
ITC TOP LOOSER
Amidst the sell-off, FMCG
major ITC topped among the laggards, followed by ICICI Bank, Power Grid, Dr
Reddy's, Sun Pharma, Ranbaxy, TCS, Sesa Sterlite, Bank of Baroda and HUL, while
key index stock gainers included BPCL, NMDC, DLF, Asian Paints, JP Associates,
Hindalco, Coal India, Tata Motors, PNB and IndusInd Bank. The turnover in the
cash segment was substantially higher 12,845.45 crore. A total of 7,944.35 lakh
shares changed hands in 70,67,448 trades, while market capitalisation stood at
Rs 67,16,323 crore.
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