Nifty Trading Trend for 11th June,2014 An exclusive report by Sharetipsinfo.com
Market Outlook on 11th June 2014
Keep Eye On: 1) Future Retail: Future Retail board meets today, might opt for Rs 600-cr QIP. 2) Unity Infra: Unity Infra in talks with developers to sell Mumbai land. 3) Power Stocks: Power crisis will lead to fast track power reform. Stocks to watch BHEL, R-Infra, CESC, Diamond power, Finolex cables. - For free trial give us a missed call at +91 8030088464
FII & DIIs Activity FIIs bought Rs 682.36 cr in cash while DIIs were net seller to the tune of Rs 1215.47 cr.
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Stock Market on 11th June 2014 US Stock closed on mixed note, NASDAQ up 0.04%, Dow Jones up 0.02% and S&P 500 down 0.02%.European on mixed note, FTSE down 0.02%, DAX up 0.20% and CAC up 0.13%. SGX Nifty trading 5 points up, at 8 AM (IST). Indian market open flat and buy on decline. Trend remains positive for the market. Midcap and small cap will be in focus. - For free trial give us a missed call at +91 8030088464
Technical The index turned quite volatile during the last session. Interesting bulls and bear fight at all time high is being seen. We are seeing bulls losing the momentum. We expect volatility to continue for some time.
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Strong Nifty Support and Resistance Strong resistance: 7720- 7750 Strong support: 7570 – 7550
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Fundamental Pick/ Technical Call Fundamental Pick of the Day: Buy Diamond Power Target Rs 13 Technical Call of the Day: Visaka Ind Target Rs 112, SL 100 Brigade Ent Target Rs 143, SL 133.5
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