Monday, 13 May 2013

Indian Stock Market Research For Today

 Stock Market Wrap :

·         Indian markets closed up. Nifty, Sensex up by 0.74% & 0.72% respectively.
·         Asia-Pacific markets remain firm. Yen slide in focus as G7 meets in London.
·         US markets end flat. Italian IP (m/m) at -0.8%. Dow Futures up by 27.5 pts.
·         Nifty ended at 6094.75 up 44.60 points or 0.74 percent and the Sensex ended at 20082.62 up 143.58 points or 0.72 percent.
·         March IIP at 2.5% as capital goods, manufacturing lead
·         SBI projects 16% loan growth for 2013-14 fiscal

Technical View :

SUPP 1: 12460
SUPP 2: 12110
RES 1: 12770
RES 2: 12920

SUPP 1: 6030
SUPP 2: 5965
RES 1: 6150
RES 2: 6215

Stock Recommendation :
Our recommendation on Titan Ind is BUY above 290 for the Target of 294/298.
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