Market Update:
Sgx Nifty -11 pts
Dow -8.83 pts ,Nsdq -19.69 pts , S&P -3.96 pts , Bovespa -7 pts , Ftse +12 pts , Dax +37 pts , Cac +14 pts , Nikkei -48 pts now , Crude @ $52.13 brl (+0.23 ), Brent @ $55.47 brl (+0.26) , Gold @ $1137.10 (-0.30), Silver @ $16.14 (-0.07), Euro @ $1.0448, JPY @ $117.8300, INR @ $67.7713
Today's Corporate Action
19th Dec Ex Date
LYCOS
Dividend - Rs. - 0.1000
Today's Data Alert
Dec 19: Glenmark Pharmaceuticals Ltd to announce strategic blueprint for the next decade. 1430 IST. Mumbai.
Dec 19: Listing of Laurus Labs shares on exchanges.
Dec 19: Transport Minister Gadkari to inaugurate Indian Sugar Mills Association's annual general meeting. 1500 IST, New Delhi.
Dec 19: Minister for Electronics & IT Prasad to confer Digital India Awards
2016. 1100 IST. New Delhi
Nifty Bank Outlook - (18313)
The Nifty Bank index continued its range-bound trading activity
and ended Friday's session with marginal loss of 0.48 percent.
Since last 19 trading sessions, the Nifty Bank index has traded in
a narrow range of 17952 to 18740. The consolidation is
marginally above the '200 SMA' on the daily chart which is now
placed around 17975. Till the index does not show any sign of
directional movement, we continue to advise traders to focus on
stock specific moves. Only a close below the '200 SMA'
mentioned above will be negative for the index and until then,
traders should avoid creating any short positions. The intraday
supports for the Nifty Bank index are placed around 18140 and
17975 whereas resistances are seen around 18555 and 18740.
Key Levels
Support 1 – 18140 Resistance 1 – 18555
Support 2 – 17975 Resistance 2 – 18740
Nifty Bank Outlook - (18313)
The Nifty Bank index continued its range-bound trading activity
and ended Friday's session with marginal loss of 0.48 percent.
Since last 19 trading sessions, the Nifty Bank index has traded in
a narrow range of 17952 to 18740. The consolidation is
marginally above the '200 SMA' on the daily chart which is now
placed around 17975. Till the index does not show any sign of
directional movement, we continue to advise traders to focus on
stock specific moves. Only a close below the '200 SMA'
mentioned above will be negative for the index and until then,
traders should avoid creating any short positions. The intraday
supports for the Nifty Bank index are placed around 18140 and
17975 whereas resistances are seen around 18555 and 18740.
Key Levels
Support 1 – 18140 Resistance 1 – 18555
Support 2 – 17975 Resistance 2 – 18740
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