Thursday, 10 January 2013

Indian stock market closed at Red, NSE index Nifty declined 2.85 points and BSE SENSEX declined 3.04 points. Market dropped after Pharma, Metal and IT Index goes down.

Nifty Future Jan-31 Contract traded at 5997.00 down 1.75%, Feb 28 contract was trading up and March contract was down 0.07%. Bank Nifty Future was traded up with 0.65% gain.

Support and Resistance for Nifty
On Upside the resistance for Nifty expected to be 6005-6010 and support may be 5940-5935.

Nifty Future Tips
Sell LIC Housing Finance Ltd, Future Contract Jan 31 Target 283.50, 282.00, 280.60 SL 290.00.
Buy Suzlon Energy Ltd Future Jan 31 Target  20.50, 20.60 SL 20.00.
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