Thursday, January 7, 2016
Tuesday, January 5, 2016
MARKET OUTLOOK
The Nifty Bank index traded with a negative bias in yesterday's trading session and ended the day with losses of 0.34%. The Private sector index heavyweights are showing signs of consolidation with negative bias whereas the PSU banking space is continuously forming 'Lower Tops Lower Bottoms' with no signs of reversal yet. We believe the near term weakness would continue in the PSU space and hence one needs to keep a stock specific approach within the sector.
The immediate support for the Nifty Bank index is placed around 16420 and 16200 and with the individual stocks showing weakness, the index could test these support levels in near term. The immediate resistance for the index is seen around 16800 and 16900.
The immediate support for the Nifty Bank index is placed around 16420 and 16200 and with the individual stocks showing weakness, the index could test these support levels in near term. The immediate resistance for the index is seen around 16800 and 16900.
RBI likely intervened to curb rupee fall - traders
Indian state-owned banks were likely selling dollars on behalf of the Reserve Bank of India (RBI) to cap losses for the local currency, three FX traders told Reuters.
The Indian rupee had fallen to an over two-week low of 66.6625 to the dollar earlier in the session, tracking weak local shares and dollar demand from oil importers.
At 0945 GMT, the Indian rupee was little changed at 66.60/61 compared with 66.61/66.62 previous close.
The Indian rupee had fallen to an over two-week low of 66.6625 to the dollar earlier in the session, tracking weak local shares and dollar demand from oil importers.
At 0945 GMT, the Indian rupee was little changed at 66.60/61 compared with 66.61/66.62 previous close.
INTRADAY CALLS
DEAR TRADERS
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IF ANYBODY WANTS NIFTY ,BANK NIFTY,STOCK FUTURE CALLS,
STOCK CASH CALLS
KINDLY GIVE UR MOBILE NO
OUR WHATS APP NO 7094268488
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