Nifty NewsLetter For 17th Jan 2013

Market Level For Nifty

Today nifty index will have quite strong resistance at 6020. If it manages to cross 6020, it may reach 6034 and 6049 . If it Happens then bulls may take nifty to 6066 and 6081 levels.

It can take on other side, below 5976 level, nifty may be dragged down to 5961 by bears. One can see some more action below 5947. If nifty manages to cut 5947, it may touch 5930. Support for bulls acting at 5916 level.

Sectors looking bearish

1. Capital Goods
2. Bankex
3. IT

Sectors looking bullish

1. Oil&Gas
2. Auto
3. HC

Buy & Sell Calls For Today :-

BUY Allahabad Bank Long Term Target 200 Stop Loss 178

BUY HDFC Bank Ltd. Intraday Target 680 Stop Loss 660 

BUY Spicejet Ltd. Long Term Target 60 Stop Loss 40 

BUY Zandu Realty Ltd. Med Term Target 1900 Stop Loss 1400 

BUY Lanco Infratech Ltd. Long Term Target 20

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