28th Dec. 2012 Closing Market Updates 18:33
Indian stock markets have been trading sideways.At the last day of the last week of 2012, Nifty gained 38.4 points and ended at 5908.5 whereas Sensex ended at 19454.76 after adding 130.96 points.
Axisbank (abv 1380) sl 1340, Trg 1435
Among BSE Sectoral Indices, Oil & Gas gained the most by 2.38% and Healthcare index was the top loser by 0.19% decline.
In Nifty50 stocks, Reliance Ind.was the top gainer by 3.22%, ended at 844. IDFC was the top loser by 0.69% which ended at 1354.9.
Suzlon was the most traded stock by the traded quantity and newly listed infratel, which ended 13.18% negative on very 1st day of listing; was by the traded value.
Suzlon was the most traded stock by the traded quantity and newly listed infratel, which ended 13.18% negative on very 1st day of listing; was by the traded value.
Advance/decline ratio was slightly positive as 749 stocks gained and 686 declined today on NSE.
Nifty Future Outlook :
Market witnessing a sideways phase for the whole December month and with a more than 1% premium. Keen to see Q3 results and USD/INR movement. Sustainable closing below 5830 will lead to correct the Nifty to more 100 points.Breakout would be considered above 6030 if sustained.
Strong support : 5830 closing basis
Immediate Resistance : 5960/6030
Nifty50 Short Term-Delivery Picks
Ambujacem sl 195 Trg 210(CMP 202)
Strong support : 5830 closing basis
Immediate Resistance : 5960/6030
Nifty50 Short Term-Delivery Picks
Ambujacem sl 195 Trg 210(CMP 202)
Bhartiartl sl 303, Trg 324
BPCL sl 340, Trg 388
DLF (abv 230) sl 221, Trg 244
Gail sl 340, Trg 370
ONGC sl 260, Trg 280
Ranbaxy sl 498, Trg 520
Siemens sl 660, Trg 695
Tatapower sl 104 Trg 118
