TECHNICAL ANALYSIS OF IDBI & DAILY CHART

PNB HIT FIRST TGT 130 & MADE LOW OF 129.70

FUTURE :

 “BULLISH IDBI ABOVE 56 TGT  57.50/59.00” 

“BEARISH IDBI BELOW 54.50 TGT 53.00/52.50”

DAILY CHAT FOR IDBI

DAILY SUPPORT AND RESISTANCE FOR IDBI

IDBI levels generated based on 2015-09-10 data for the next trading day.

Daily Level	R5	R4	R3	R2	R1	BULL		LOC	BEAR	S1	S2		S3		S4		S5
	59	58	57	57	57	56	56		56	55	55	55		54		53

IDBI Weekly levels generated for the week starting from 2015-09-07

Weekly	R3	R2	R1	REVERSAL	BULL	LOC	BEAR	REVERSAL	S1	S2	S3
Level	63	60	59	57	56	56	55	54	52	51	49

SIMPLE MOVING AVERAGES

Days	BSE	NSE
30	62.48	62.49
50	63.01	63.03
150	68.05	68.04
200	69.02	69.01

MARKET SUMMARY FOR 10 SEP 2015

After a late trade recovery, the market ended flat. The Nifty ended tad below 7800, down 30 points or 0.4 percent at 7788. The Sensex was down 97 points or 0.4 percent at 25622. Tata Motors, Bajaj Auto, L&T, BHEL and ICICI Bank were top gainers in the Sensex. Among the losers were Hindalco, HUL, Wipro, Dr Reddy's and HDFC. Share price of a biopharma firm Suven Life Sciences surged 11.94 per cent to Rs 231.55 on Thursday after the company announced that it has secured five product patents in five nations including China and Singapore, for a drug used in the treatment of neurodegeneratives diseases. Earlier in the day, China's Shanghai Composite fell 1.39 per cent, or 45 points, to close at 3,197. Japan's Nikkei shed 2.51 per cent, or 470 points, to settle at 18,299. Extending the losses, Hong Kong's Hang Seng finished the session at 21,562, down 568 points, or 2.57 per cent.