MONEY CLASSIC RESEARCH
NIFTY FIFTY ANALYSIS 18-01-2016
PIVOT LEVELS NAME
RESISTAN CE 2
RESISTAN CE 1
PIVOT
SUPPORT 1
SUPPORT 2
BPCL
966
948
929
911
891
TECHM
539.70
531.35
521.60
513.25
503.50
HCLTECH
858.70
849.40
832.70
823.40
806.70
RELIANCE
1,069.30
1,086.20
1,075.90
1,092.80
1,059.40
DRREDDY
2,933
2,960
2,942
2,969
2,921
INDEX
NIFTY 50
NIFTY BANK
RESISTA NCE 2
RESISTA NCE 1
7,616.40 7,527.10
15,833
15,519
PIVOT
SUPPORT 1
SUPPORT 2
7,477.20
7,387.90
7,338.00
15,337
15,023
14,840
ď ˝
ď ˝
Markets witnessed yet another day of sell-off to end at their 19-month closing low as dismal quarterly earnings coupled with a sharp fall in crude oil prices and commodity prices weighed on investor sentiment. Meanwhile, weakness in the rupee further aggravated the sell-off across the board. The S&P BSE Sensex closed 318 points at 24,455 and the Nifty50 shed 99 points to end at 7,438. In the broader market, the BSE Midcap and Smallcap indices were down 0.2%-0.3% each. Market breadth ended weak with 2,272 losers and 414 gainers on the BSE.
EQUITY DAILY REPORT 15-01-2016 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.
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