Nifty NewsLetter For 15th Jan 2013

Market Level For Nifty

Today nifty index will have quite strong resistance at 6042. If it manages to cross 6042, it may reach 6058 and 6074 . If it Happens then bulls may take nifty to 6081 and 6095 levels.
It can take on other side, below 6006 level, nifty may be dragged down to 5990 by bears. One can see some more action below 5975. If nifty manages to cut 5975, it may touch 5961. Support for bulls acting at 5947 level.

Sectors looking bearish

1. Auto

2. Bankex

3. Oil&Gas

Sectors looking bullish

1. IT

2. FMCG

3. Power

Buy & Sell Calls For Today :-

BUY UCO Bank Short Term Target 91 Stop Loss 80

SELL Tata Power Company Ltd. Long Term Target 95 Last Traded at 106.20

BUY Union Bank of India Long Term Target 300

BUY Tech Mahindra Ltd. Long Term Target 2000 Stop Loss 880

BUY Housing Development -and- Infrastructure Ltd. Long Term Target 170

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