MONEY CLASSIC RESEARCH
NIFTY FIFTY ANALYSIS 15-01-2016
PIVOT LEVELS NAME
RESISTAN CE 2
RESISTAN CE 1
PIVOT
SUPPORT 1
SUPPORT 2
INFY
1,216
1,176
1,115
1,076
1,014
LUPIN
1,783
1,752
1,694
1,663
1,605
ASIANPAINT
925.15
907.40
879.25
861.50
833.35
TECHM
521.65
522.65
508.35
509.35
541.60
BPCL
917
927
902
912
938
INDEX
RESISTA NCE 2
RESISTA NCE 1
PIVOT
SUPPORT 1
SUPPORT 2
NIFTY 50
7,689
7,613
7,528
7,452
7,367
NIFTY BANK
15,966
15,779
15,616
15,430
15,266
ď ˝
ď ˝
Markets have again turned flat in the late noon trades amid high volatility. The stellar rally in Infosys has lifted the sentiment across the board. The contraction in December WPI data for the 14th consecutive month has added some respite to the sentiment across the bourses. At 2:15 pm, the S&P BSE Sensex has gained 15 points at 24,869 and the Nifty50 is up 1 point at 7,562. Shares of information technology (IT) companies have recovered by up to 8% from their intra-day lows after the Infosys not only beat street estimates but revised its revenue guidance upwards. Infosys has jumped 6% while its peer TCS is up by 0.5%.
EQUITY DAILY REPORT 14-01-2016 DISCLAIMER • The information contained here was gathered from sources deemed reliable however; no claim is made as to accuracy or content. This does not contain specific recommendations to buy or sell at particular prices or time, nor should any examples presented be deemed as such. There is a risk of loss in commodity trading and you should carefully consider your financial position before making a trade. This is not, nor is it intended, to be a complete study of chart patterns or technical analysis and should not be deemed as such. Money Classic Investment Advisors does not guarantee that such information is accurate or complete and it should not be relied upon as such. Any opinions expressed reflect judgments at this date and are subject to change without notice. For use at the sole discretion of the investor without any liability on Money Classic Investment Advisors.
• MONEY CLASSIC INVESTMENT ADVISORS • WEBSITE- WWW.MONEYCLASSIC RESEARCH.COM • EMAIL- INFO@MONEYCLASSICRESEARCH.COM • CONTACT NO. - (M) 9039777700, (0)0731-4094475