Monday, 16 September 2013

Outlook for Sept 16th

Market traded last week in a range towards end and this week we have lot  ofevents lined up both domestically and internationally which could influence market. Nifty has a resistance at 5919 and trade above this could lead to 6000 to 6050 levels and lower side 5820could be a major support area and trade below could lead to 5700 levels which is again a strong support levels.

USDINR did not find much support at 63.40 against expection that it could move to levels of 65 levels again which could influence markets in India. Next support area is 60.5 levels.

Stocks for the Day

Cipla
Lupin
Ranbaxy(Fundamental reason)
Axis
Infy
LT
TataSteel
 Bharat Forge

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