Stock Market Wrap :
· Indian markets end in green. Nifty, Sensex up by 1.36% & 1.19% respectively.
· Asia-Pacific markets remain strong. Yen rises as Japan investors cut holdings.
· Wall St closed flat. GBP GDP at 0.3% (q/q). Dow Futures up by 152.50 points.
· Nifty ended at 5916.30 up 79.40 points or 1.36 percent and the Sensex ended at 19406.85 up 227.49 points or1.19 percent.
· AirAsia India files application to launch operations
· JSW Steel plans to bid for iron ore blocks in Karnataka
Technical View :
BANK NIFTY FUTURE LEVELS
SUPP 1: 12335
SUPP 2: 12060
RES 1: 12830
RES 2: 13100
NIFTY TREND: CONSOLIDATE
NIFTY SPOT LEVELS
SUPP 1: 5815
SUPP 2: 5730
RES 1: 5930
RES 2: 6010
Stock Recommendation :
Our recommendation on Dabur India is BUY above 147 for the Target of 150/155.
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