NIFTY FUTURE (Last close 5925.25)
The
counter closed the week losing 117 points or around 2% amid high volatility and
intra week swing of over 200 points. The counter this week may remain in the range
of 5821-6029, break above the counter may move up to 6052/6069 or else break
below it may slide to 5800/5781. For today’s trading the counter to gain strength
needs to trade and remain above 5942.75 whereby it may move up to 5968/5989.
Strong support for the counter exists at 5898.25 which if breached decisively with
volumes then it may slide to 5883/5867.
BANK NIFTY FUTURE (Last close 10533.55)
The
counter closed the week losing over 450 points amid high volatility and intra
week swing of about 900 points after the RBI’s measures to contain rupee slide
by restricting banks to access funds. The counter this week may remain in the
range of 10257-10809, break above it may move up to 10898/11021 or else break
below it may slide to 10169/10089. For today’s trading the counter may remain
under pressure and slide further to 10468/10410. Strong resistance for the
counter exists at 10581.75 which if crossed with volumes then it may move up to
10654/10693.
DIVI’S LAB FUTURE (Last close 953.35)
The
stock after moving range bound during the early part of the previous week
closed on last Friday gaining over 1/1/2% with moderate volumes. The stock
appears positive on daily charts and may move up to 959/964 on volume trading.
Strong support for the stock exists at 948.50.
J S W ENERGY FUTURE (Last close 44.60)
The
stock after consolidating closed the week gaining over 4% with moderate
volumes indicating accumulation of the stock at current rates. The stock
appears positive on weekly charts and may move up to 46/48 on volume trading.
Strong support for the stock exists at 43.25.
