FUTURE:
"BUY ZEEL ABOVE
407 TGT 413/418 "
"SELL ZEEL BELOW 400 TGT
395/390 "
DAILY CHART FOR ZEEL:
MARKET SUMMARY OF 03 FEB 2016
Feb fumble! Sensex, Nifty tumble
Nifty
ended with a loss of 94 points to close at 7,362. It has opened at 7,392
hitting a high of 7,419 and low of 7,350. Sensex ended with a loss
of 316 points and closed at 24,222. It opened at 24,394, touched an intra-day
high of 24,409 and low of 24,214.The Indian equity market slipped lower
for the third consecutive trading session on Wednesday. A sudden bout of
selling pressure towards the end yet again dragged the indices to close near
day’s low. Nifty has now declined over 3% in the past three days. Negative cues
from equity markets across the globe and weakening Indian currency against the
US dollar dragged the sentiment on Dalal Street. As
was widely expected by market participants, the Reserve Bank of India (RBI)
kept the interest rates unchanged,in its sixth bi-monthly monetary policy, on Tuesday. The central bank has kept the repo rate unchanged at 6.75 per cent. Cash Reserve Ratio (CRR) and the reverse repo rate also remains untouched at 4 per cent and 5.75 per cent, respectively.
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