FUTURE :
“BULLISH SBIN ABOVE 229 TGT 234/239”
“BEARISH SBIN BELOW 225 TGT 221/216”
DAILY CHAT FOR SBIN:
DAILY & WEEKLY SUPPORT AND RESISTANCE FOR SBIN:
SBIN levels generated
based on 2015-12-14 data for the next trading day.
Daily
|
R4
|
R3
|
R2
|
R1
|
BULL
|
LOC
|
BEAR
|
S1
|
S2
|
S3
|
S4
|
Level
|
231
|
230
|
229
|
228
|
228
|
227
|
227
|
226
|
226
|
225
|
223
|
SBIN Weekly levels generated for the week starting
from 2015-12-14
Weekly
|
R4
|
R3
|
R2
|
R1
|
REV
|
BULL
|
LOC
|
BEAR
|
REV
|
S1
|
S2
|
S3
|
S4
|
Levels
|
250
|
246
|
240
|
236
|
232
|
231
|
229
|
228
|
227
|
222
|
219
|
215
|
213
|
MARKET SUMMARY FOR 14 DEC 2015
Sensex opened at 24,936, touched an
intra-day high of 25,194 and low of 24,868. It finally ended with a gain of 106
points at 25,150.The Nifty opened at 7,558 hitting a high of 7,664 and
low of 7,551 before ending with a gain of 40 points at 7,650. The annual
rate of inflation, based on monthly WPI, stood at -1.99% (provisional) for the
month of November, 2015 (over November, 2014) as compared to -3.81%
(provisional) for the previous month and -0.17% during the corresponding month
of the previous year. Build up inflation rate in the financial year so
far was 0.85% compared to a build up rate of 0.50% in the corresponding period
of the previous year.After a weak start, the Indian equity market
managed to wash away its Monday morning blues and closed with smart gains.
Weakness in the US and Asian markets led to the Indian indices opening gap
down. However, that turned out to be the low for the day as the benchmarks move
higher as the day progressed erasing all its early losses. Indices
turned highly volatile and witnessed a sharp fall in late afternoon trades only
to witness a V-shaped recovery towards the fag yet again erasing the sharp
decline and end almost near day’s high.
The metals, IT, consumer discretionary
and basic material stocks were among the top gainers. Even the mid-cap and the
small-cap stocks also ended with smart gains. On the other hand oil & gas
and realty stocks were among the top losers.
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